Global Financial Stress Index Spikes Most Since 2011 US Downgrade
Did central banks just lose control of the world... again?
For the first time in four months, BofAML's Global Financial Market Stress index has turned positive - signalling more market stress than normal.
As the spat between North Korea and the U.S. worsened, a measure of cross-asset risk, hedging demand and investor flows awakened from its torpor (after spending 78 straight days below zero - with stress below normal).