Lunatic Le Pen “Cannot Possibly” Win – But Don’t Tell VSTOXX Futures

In other words, the market is trying to learn from its mistakes. We were caught off guard by the Brexit vote and Trump’s victory, so now, we’re seeing relatively large moves as traders’ collective desire to avoid the pitfalls of underestimating the probability of a tail event is manifest in the amplification of tiny blips in poll numbers.

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