One of the truisms of the current market is that volatility – both historical and implied – is historically low, but just how extreme is it? How does this manifest itself in the bond, as opposed to the stock, market? What does it tell us about the risks we may be running by maintaining naked exposures?
Please follow the link to find a brief, but instructive overview of this most burning of issues:-
Cycles, Equities, Fixed Income, USA, Volatility, Yield Curve
Bonds, credit spread, duration, Equities, Fixed Income, High-yield, junk, leverage, margin, risk, SPX, Stocks, Treasuries, VIX, vol, volatility, Yield Curve
Falling returns in the US. Tight money in China. An upswing in Japan. Deflation in India. Gold goes cold. Fretting the Fed on falling CPI and a flattening curve? No need to panic, just yet.
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17-06-20 M4 No5
Banking, BOJ, Central banks, China, Commodities, Credit, Cycles, Equities, Federal Reserve, Fixed Income, Forex, Gold, Japan, Macro, Money, USA, Yield Curve
Bonds, China, CPI, deflation, Federal Reserve, Gold, India, Japan, junk, lending, loans, Money, Oil, RE, Revenue, trade, US inflation, Yield Curve
The new M4 is here.
Tech tremors, Musk magic and a rich US equity market. Ex-energy to give it some gas? The pounded sterling and taking aim at the TARGET. Latest thoughts to be had by clicking on the link.
17-06-13 M4 No 4
BOE, Commodities, Draghi, ECB, Equities, Europe, Federal Reserve, Fixed Income, Forex, Gold, Macro, Money, UK, USA
Ags, Base metals, Equities, GBP, junk, MSCI WOrld, Precious metals, Q Ratio, stock markets, Tesla, TSLA, yield curves