Event Risk: Can’t Stop, Won’t Stop

Event Risk: Can’t Stop, Won’t Stop

Markets are nervous heading into the December FOMC meeting and a potential US government shut-down. Volatility is up (“VIX”), and on Monday, US equity markets finished in the red. It didn’t help that President Trump stirred the pot, tweeting his discontent at the Fed....

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Euro: Storm Clouds Gather

Euro: Storm Clouds Gather

Italy Playing Game of Chicken with Market and European Authorities The budget fight in Italy has raised risk premia there -- seen through Italy’s rising bond yields.  The chart below shows the spread between Italy’s 10 year government bond yield and that of Germany. ...

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