The market seems to be a little anxious about today’s Jay Powell speech at #jacksonhole. Historically, as can be seen in the chart below, fixed income related investments, and particularly the ones related to #interestrates are the most volatile around this time of the year. Credit and Equities are less sensible to the outcome of the meeting. Having said that, #VIX call activity has been unsually high lately, signaling unrest in the equity market about future Fed actions.
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