Global capital markets have gone completely dormant over the summer. In the nearly ten weeks since the ‘Brexit’ vote had market on edge, virtually every asset class has gone completely quiet with prices moving in a very narrow range. When price volatility becomes this low, it is often followed by periods where price movements are decisive and dramatic. The key question remains as we enter into September – will the next move for the major asset classes be to the upside or the downside?
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