Interestingly the VIX (Fear Gauge) remained fairly muted through recent events when we compare it to the last 20-years, it didn’t even reach the levels witnessed during the 2018 bond yield jitters. We believe 2022 /23 will throw up ongoing elevated volatility hence dips towards the psychological 20 support area will provide solid risk / reward buying opportunities.
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MM is now neutral volatility, at least for now
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