Page 6 - FLIPBOOK
P. 6
HOW ARE CURRENT MARKETS
FUNCTIONING
• April 2020 Nov 2020
• Wide bid ask spreads Narrow bid ask spreads
• Vix 50-80 (circulating catecholamines) Vix 20’s
• Program selling Sector rotations
• Credit spreads Central Banks support
• USD rising (global dollar shortage) USD falling
• VAR models fail, Risk Parity Bond portfolios w/o
yield
• Margin calls/Forced deleveraging Money on sidelines