As usual, lots on the docket.
After all, the market’s muted response to geopolitical turmoil in 2016 and 2017 was in large part down to the central bank put, which is now in question. And it goes without saying that the low vol. regime seems to have come to an end over the past couple of months.
“It’s a good thing Xi is bringing this tone to it because markets would be very upset if he played it like Trump.”
Can you feel the tension?
Say your prayers.
You wouldn’t know it from looking at any market-based measures of volatility, but 2017 was a hugely consequential year. I assume that goes without saying.
But the survey wasn’t all rainbows and sunshine.
Obviously, nothing could go wrong here.
What happens over the weekend no longer remains confined to the weekend.
Nobody strike a match.
Geopolitics is back in the spotlight to start the week.
Yes, “a central feature” of the prevailing order (or maybe “disorder” is better) is chaotic uncertainty – and a “central feature” of markets is suppressed vol.
“This is really just one manifestation of the more earthly, you can’t fight city hall. A twist in a post-vigilante world, which can’t bear not to believe that the authorities will deliver what our financial market investing thesis requires, while at the same time being utterly incompetent.”
This kind of complacency is in the face of multiple flashpoints and powder kegs is “unwelcome.”