Stories we should be thinking about
Whoever said the financial markets were easy? On Friday evening I made the following Twitter observation:
‘The markets! Couple fastFT headlines: 'time to brace for ‘market turmoil’, warns JPM' & 'Summer Friday on Wall St: Vix falls back < 10'.
So who/what to believe?
I liked this from @Callum_Thomas who noted a conservatism starting to get priced into bond yields. Hello a slowdown in developed market PMI measures with all the slower growth and issues that may induce?
But as noted in the quote above the VIX index (aka the ‘fear index’) is so low. Little fear out there…
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