Risk assets such as stocks, corporate bonds and bank loans have been trading in a wide and volatile range, taking investors on a roller-coaster ride up and down, including most recently a rally of about 10 percent in U.S. equity markets. This phenomenon is likely to continue in the short-term, so here are eight characteristics of this financial environment: Pronounced fluctuations within the trading range reflect primarily the tug of war between a weakening global economy and continuing liquidity injections from central banks and corporate balance sheets. The fluctuations are ... READ MORE
