02
Aug
We can hope that August will be quiet. The Federal Reserve, the European Central Bank, and the Bank of Japan do not meet until September. With a snap Italian election on September 25, an Italian political storm may wait for vacationers to return. The volatility of the S&P 500, the VIX, is at three-month lows, and the equivalent measure in the Treasury market (MOVE) has come off sharply from the peak in early July that was above the 2020...