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Energy: Options traders see crude oil risks skewed to the upside. Here is the Dec 2024 volatility smile.
Here is the 25-delta put/call skew.
Equities: Market breadth has improved dramatically over the past couple of months.
China: Demand for call options on China-focused equity ETFs (FXI shown below) has been surging.
The United Kingdom: The pound has been gaining against the euro due to faster ECB rate cut expectations.
Emerging Markets: Economists have been downgrading their forecasts for Mexico’s GDP growth this year as exports soften.
Food for Thought: Impact of the Federal Reserve’s recent interest rate cut on financial sentiment by household income:
Edited by William Villacis
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