Stock Market “Fragility” Indicator Highest Since Lehman, BofAML Warns
by Tyler Durden
ZeroHedge.com
12/22/2015
In 2016 BofAML’s global equity derivatives desk expects volatility to maintain its gradual upward trend, however, to continue to be punctuated with violent but short-lived shocks owing to poor liquidity, extreme positioning and a market still heavily manipulated by (and dependent on) the central bank put. Despite below-normal levels of volatility across asset classes, we are in uncharted waters in terms of a lack of stability:
Markets are setting records in terms of jumping from calm to stressed & back,
CB liquidity is tightening, making markets more accident prone, and
Our indicator of cross-asset market fragility is near its highs
The Rest…HERE
