The Summer Dull ( The Vol Crush Edition)
I hope at some point this boring range of vol death across most asset classes will break...
Gold miners - rangebound but might be breaking out...
Gold - Yawn... but maybe it will breakout soon or maybe it sets a wider range again...
Banks... yawn...
Bond yields... death of vol.
Dollar... no vol here too.
Bitcoin - Choppy consolidation.
EM FX - Nothing to see here either yet.
The Fed balance sheet... zero vol.
And the real time economic data is the same...
We just have to wait, but eventually the ranges will break and we will get more clarity on the opportunities.
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