The Institutional Risk Analyst

Count the numbers of markets and economic indicators currently at extreme valuations and positive correlations. Financial markets showed a glimmer of normality last week when stock prices fell and bonds rose. The surprise expressed by market participants is an illustration of just how long investors have been dealing with a market where all manner of assets are correlated and at multi-year highs. We talked about this last week with our friends at BNN in Toronto in a TV hit f