French Market Regulator Sees “Brutal Repricing Of Assets”; Valuations, Volatility “Don’t Reflect Real Uncertainty”

Tuesday, July 4, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jul 4, 2017

High valuations and low volatility don’t reflect the level of economic growth nor the geopolitical uncertainty facing the market, the Autorité des Marchés Financiers says in a mid-year report on main risks to global markets. While stock markets have shown resiliency, the French regulator warns of the “systemic threat” fromn a “sharp market correction.”

As AMF continues… Equity market volatility therefore now appears to be decorrelated from political uncertainty indexes…

The Rest…HERE

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