The S&P 500 has largely recovered from its January slump, and many analysts have blamed the disappointing US economic data that caused the downturn on bad weather, but according to North MaxQ Macro Fund, higher volatility is going to be with us all year. Markets face multiple difficult transitions this year “The highlight for the month of January was the increased market volatility,” North MaxQ wrote in its monthly investor letter, a copy of which was reviewed by ValueWalk. “Consensus positions were severely hit during the latter part of the month, with equities and emerging markets selling off, while government…