We are perpetually stuck in a low volume, low volatility environment (the Vix made a fresh multi-year low today), with major indices in a range, and everything dictated by mega cap tech. The SPX is stuck between 3800-4200 stillll, the 10yr is stuck between 3.32-3.65%, $ now above Feb lows and oil is doing nothing much (it did have a 2.6% pop today, but still finished the week with a loss). The question is - what will be the driver to break us out to the upside above that seemingly Teflon 4200 l…
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.