Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
- In the past few weeks, we have seen that while price volatility (VIX) has been gradually testing new lows, the SKEW index, which measures the perceived tail risk of the equity market via the pricing of OTM options, have reached new highs.
- The chart below shows that the SKEW broke above the 150 level to test a new high of 160 this week, the highest level in the past cycle.
- In the past few years, periods of falling VIX and rising SKEW have generally been followed by a correction in equities.
- The contraction in Chinese 'liquidity', rising uncertainty over the global reopening and a slightly more 'hawkish' Fed are all important risk factors to consider in the short to medium term, which could push preference for 'safe' assets.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok