Markets undo February blowout but volatility regime is here to stay

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Markets undo February blowout but volatility regime is here to stay

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A concerted rally of US and European credit and equity in the run-up to next week's European Central Bank meeting has all but eclipsed the blowout that occurred during last month’s turmoil. But traders warn that the market is still highly technical in its behaviour and further heavy volatility may not be far way.

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