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The United States: The combination of rising bond yields and a stronger dollar has been tightening US financial conditions.
Canada: The loonie’s 2-week implied volatility has surged in anticipation of the US elections.
Rates: The resilient economy accounted for roughly half of the recent rise in Treasury yields, which caused markets to pare back large rate cut expectations. The other half is possibly due to election pricing.
Equities: Volatility premium (implied vs. realized) tends to rise ahead of the US presidential elections.
China: Industrial profits softened further in September.
Emerging Markets: EM equity funds are seeing some ouflows.
Commodities: Palladium jumped another 3% on Friday.
Food for Thought: Online casino revenue in New Jersey is closing in on land-based casinos:
Edited by William Villacis
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