Market increasingly pricing in Fed rate hikes next year
Back and forth in bond and gold markets
Options markets increasingly influence equity market behaviour
Systematic strategies have recently pushed equities higher
Beware of government bonds: losses ahead in 2021 and 2022
The S&P 500 fell finally by more than 5%
Volatility tends to rise in the run-up to Fed meetings
Despite S&P all-time highs, the VIX stubbornly holds above the 15 mark
European equities historically favourably valued relative to US equities
Under the surface, equities are also pricing in less economic optimism