Volatility dies down but hawkish policy could roil
Volatility took a familiar dip down this week as geopolitical uncertainty again failed to provoke lasting disruption in markets, but scepticism is growing about the lasting power of such conditions.
Last Friday the VIX index surged to 16.17%, its highest level of the year, before dropping to an 11.59% level by mid-Thursday New York time. Global political concerns were the most obvious catalyst for many market participants.
“From what we have seen, flows have been dictated by the
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