Meanwhile, In The Equity Vol Space

US markets traded with a risk-off vibe to kick off Q4 in the presence of dour-sounding geopolitical headlines out of the Mideast. At the same time, a smattering of unfortunate manufacturing data underscored US recession concerns, while dockworker strikes threatened to throw yet another supply-side spanner in the disinflation works. The mere prospect of all-out war in the Mideast long along ceased to be a good enough rationale, on its own, for sharply higher crude prices. It takes a lot to get