A ‘Meeting of the Waters’ is a fitting analogy for today’s market environment according to Artemis Capital Management’s March 2016 volatility market analysis letter, which was sent to clients of the Artemis Vega Fund this week and has been reviewed by ValueWalk.
The ‘Meeting of the Waters’
The ‘Meeting of the Waters’ refers to an area in north-west Brazil, near the town of Manaus where two largest tributaries of the Amazon River, the Solimoes and the Rio Negro, converge in dramatic fashion -- what is known as the ‘Encontro das Aguas’ or ‘Meeting of the Waters’.
The two rivers converge but never mix. The Solimoes is light in colour due to the rich sediment that runs down from the Andes mountains including sand...
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