The in-summary headlines from earlier are here
And, here is the link to the
full text of the piece if you are interested
eg:
- Leveraged investment products tied to low volatility magnified a downdraft that appeared to stem from investor jitters over the stock market run-up, record equity inflows and rapidly increasing interest rates. These products bet on the VIX, the U.S. equity volatility gauge, falling or staying low. We believe the early February swoon is mostly isolated to equities. The sharp volatility spike has not spread to other assets such as credit or foreign exchange.
