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Corrective Forces Still Dominate
After a run-up in risk assets from the middle of May, broad consolidation was the main feature of the capital markets last week. Markets were calmer. The three-month implied volatility of all the major currencies fell, led by the usually high-beta dollar bloc. The VIX, which measures the volatility of the S&P 500 snapped a five-day decline ahead of the weekend. The volatility of the Treasury market (MOVE) also eased. The risk is of higher volatility into the end of what has been an historic first half. The continued support that central banks and governments are providing underpins risk assets. However, a ... (full story)
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- Jun 21, 2020 11:28am Jun 21, 2020 11:28am
- Temujin
- Joined Dec 2013 | Status: Member | 46 Comments
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- Edited 4:59pm Jun 21, 2020 4:44pm | Edited 4:59pm
- 4for4
- | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Market is not random but unpredictable