MARKET PERSPECTIVE — The quarter began on a troubling note, with volatility at levels well above what we’ve seen in recent periods. The VIX volatility index reached as high as it did during the peak of the pandemic. This was driven by a multitude of issues including concerns over a slump in US labour data, an unexpected hawkish stance from the Bank of Japan (BoJ), mounting geopolitical tensions and developments in the US election.
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