The Most Obvious Macro Trade Now Is Short Volatility

I like shorting rate volatility, says Michael Purves. He forecasts market risks into the year’s end. He talks about how the most obvious macro trade right now is short volatility. He also compares currencies, highlighting the U.S. dollar (/DX), Japanese Yen (/6J), British Pound (/6B), and EuroFX (/6E). He then goes over what the latest Fed rate hike signaled for investors. Additionally, he underlines how the CBOE Volatility Index (VIX) hit 3-month highs today. Tune in to find out more about the stock market today.