Inflation Waking Up Bonds

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S&P 500 bulls didn‘t make much progress even though the credit markets initially favored the daily rebound to stick. Bouncing between the daily highs and lows, the 500-strong index gave up a few moderately good opportunities to take on 4,390 again. VIX understandably calmed down on the day, but doesn‘t give impression of yielding too much to the downside – on the contrary, it seems to be on a general uptrend since early Jul. Volatility is returning, and that‘s characteristic of the unfolding correction. Q2 2021 hedge fund letters, conferences and more How far lower would it reach? The 4,340 fo…

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