This video discusses some important charts on global equities which essentially show the risk of a selloff or correction as being elevated. The charts appeared in the latest edition of the weekly Macro Technicals report. One of the aims of the Macro Technicals report is to identify relevant market risks, and this is a good example of that. The bearish breadth divergence and complacency seen in the implied volatility indexes paint a picture of a market that, all else equal, looks vulnerable short-term.
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