There was a spike in volatility, which investors’ who found themselves on the wrong side of the re-pricings, were not too thrilled about. The concern is whether the risk off trade over the past few weeks is a result of a mid-summer slump, or just the beginning of more re-pricings.
Geopolitical events last week did not have a positive impact on high beta risk assets. For starters,
Since all of these events seemed to happen all at once, some investors began to take precautions. The S&P had a consistent bull run since the beginning of February, but it appears to have finally taken a turn. The VIX Index rose by almost 400 basis points last week, which was its second largest increase of the year.
To hear a more in depth explanation of the turning economic balance, please tune into Wells Fargo’s latest video.
Please visit the following link to view the video:
Wall Street Webcasting
Source: Wall Street Webcasting
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