Loading ...June 24 – New York Times (Avantika Chilkoti and Pat Minczeski): “Bonds, stocks and currencies are moving in tandem more often, as central-bank surprises and trade uncertainty assert their grip over markets. Known by investors as ‘risk-on, risk-off,’ the phenomenon happens when markets essentially split into two broad buckets that move together: risk-off, or haven assets, which rally when investors grow skittish; and risk-on, or growth assets, which rally when risk appetite returns.
A basket of assets that reflect either risk-on or risk-off sentiment has moved together nearly a quarter of the past 100 days through June 21,”the highest level since MID-2016**, according to a Wall Street Journal analysis.”