Risk taking still valid despite hype. Friday was spent watching DB’s stock slide and entertaining “what-if” scenarios. Yet, we suspect that media
Risk taking still valid despite hype. Friday was spent watching DB’s stock slide and entertaining “what-if” scenarios. Yet, we suspect that media continues to overhype the story in order to create a driver in an otherwise calm market. With volatility dropping to lows, we remain confident that investors should continue to take risk and not get caught up in short term dynamics. OPEC has seemingly reached an agreement on a reduction in oil production however; the details might yet stop any cuts. In the US, mixed data and lack of Fed speak credibility has sidelined the task of forecasting the Feds policy path, allowing the USD to drift. Finally, investors rushing out of Euro into the safe-haven CHF forced to SNB to intervene in the EURCHF in order to slow CHF appreciation.
