Even as strategists and investors continue to debate whether the banking sector’s problems could morph into something more serious, the gauge commonly known as the “fear index” is trading near 12-month lows. The closely watched measure of global equity market volatility, the VIX, has become a particular source of bemusement and confusion. But trading has been muted since the start of April, with the S&P 500 particularly stuck in a tight trading range.įounder of hedge fund giant Bridgewater Associates, Ray Dalio, says the world is “on the brink of a period of great disorder”. The S&P 500 and the ASX 200 have recovered everything they lost during the so-called banking crisis, and are sitting on handy year-to-date gains of 8 per cent and 6 per cent respectively. It seems bizarre that just six weeks on from the collapse of Silicon Valley Bank and the shotgun marriage of UBS and Credit Suisse, arguably the biggest narrative on global markets is the fact there is no narrative.
0 Comments
Leave a Reply. |