Greetings,
Equities: Last week’s increase in VIX was one of the largest in recent history.
The VIX curve backwardation was also unusually large. Here is the spread between VIX (1-month vol) and VXV (3-month vol).
Commodities: Gold has decoupled from Treasuries.
China: As we saw in the World Economics SMI report from a few days ago (here), China’s business activity tumbled in February.
United Kingdom: The UK financial conditions haven’t tightened as much as they did in other economies.
Global Developments: The percentage of debt with negative yields climbed again last week.
Food for Thought: The share of workers who are union members:
Edited by Daniel Moskovits
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