Dodging a Three-Tonne Truck

Wednesday, November 2nd, 2016 Categories: Financials, Sector Strategy, United Kingdom, United States, Volatility

Financials rally could be painful

Financials are rallying fast, driven by a significant decline in volatility in the US and the UK, which is exactly what our models expect. We don’t know whether this is justified by fundamentals, but we do know that every investor with an underweight position will have to consider reducing the risk relative to benchmark, sooner or later.

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