Judging by December’s chaotic/volatile/disjointed/etc. market performance, November rumors of a “Goldilocks” economic environment just around the corner appear to have been premature at best. Our latest Capital Markets Monthly discusses how oil’s dramatic price decline – down 38% from YTD highs at the end of Nov and another 12% in December alone – overwhelmed a string of positive year-end economic data to rattle markets, dampen new issue volume and foment uncertainty heading into 2015.

Read the full PDF here: CapMkts Monthly_December ’14