As Deutsche Bank Twists, BAML Says Load Up on Volatility ProtectionMark Melin
Volatility protection time? The market is acting in “knee-jerk” like fashion and loading up on volatility protection is advised, a Bank of America Merrill Lynch research report noted. This impulsive behavior was driven by positive reaction to the US Federal Reserve not raising interest rates in the middle of a populist election and the Bank of Japan playing nice in the land of negative interest rates.
But don’t kid yourself. With yet another bank derivatives crisis unfolding in Germany, one where
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