What a week it’s been, if you told traders on Monday that the S&P 500 would finish the week nearly flat a majority would have been very skeptical. But after a shaky start to the week, main US indexes shook off the major worries from last Friday’s employment data and the unwinding of the carry trade as cooler heads prevailed over the one-off data. To put the overaction into perspective the VIX reached levels above 60, levels not seen since the start of the Pandemic and before that the Global Fin…
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