Hong Kong
NORTH Korea nuclear tensions, a crackdown on debt in China, confusion over US policy, elections in Europe: rich ingredients for sending markets into a tizzy.
But it's not happening. Volatility is at the lowest in decades, and investors are asking what led to the doldrums, with everything from Twitter to Donald Trump getting the blame. There's also the question of how it will pan out.
The CBOE Volatility Index slid to a 23-year low this week, closing in single digits on Monday and Tuesday for only the 10th and 11th time ever as investors choose to focus on a strong earnings season and signs of economic growth instead of geopolitical uncertainty. The VIX was last at 10.6.
"It's an uncomfortable...
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