Andrew Giovinazzi's blog
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The market for volatility, the VIX, got a one, two punch for the BOJ and the Fed. They basically said they will do things in the future. BOJ to target rates, possibly less QE and the Fed for a likely Dec and 2017 rate rise. They bought time and they bought space to take out some of the lingering doubts about rates in the mid-term and certainly before the election.