Stock market performance is stable, fear index returns to 2020 lows 👍
Unlike the plight of cryptocurrencies, TradFi assets had another quiet day at the end of last week. Although the summer vacation has not yet begun, the trading range of short-term U.S. Treasury yields has fallen to the narrowest since March (about 18 basis point), the stock VIX fell to around 14, the pre-epidemic low, and global foreign exchange volatility has also fallen to a 12-month low.
With U.S. economic data broadly still supporting the ideal prosperous outlook for a soft landing and slowing inflation, investors see no reason to abandon their long equity strategies even as they express concerns about poor market breadth.
