The 'good news is bad news' narrative may not be entirely evident in equity index levels (mainly due to rotation), but it is very clear in the shift in rate-cut expectations and concomitant to that, in equity risk hedge demand.
Source: Bloomberg
The 'good news is bad news' narrative may not be entirely evident in equity index levels (mainly due to rotation), but it is very clear in the shift in rate-cut expectations and concomitant to that, in equity risk hedge demand.
Source: Bloomberg
