Editor's Note: Below is a brief excerpt from today's Early Look written by Macro analyst Ben Ryan. Click here to learn more about the Early Look.
In our Chart of the Day, we show the 2017 – 2018 hand-off in volatility expectations from Fixed Income, Currencies and Commodities (FICC) to growth equities. Many charts exemplify this top-down trend of low relative volatility trends in fixed income and many commodities, but more specifically we are showing a rolling percentile view of implied volatility in the long-term treasury ETF (TLT) and the Nasdaq 100 Index in the chart. |