16.05.2017 • 13:00 GMT
As Quiet Deepens Remember China, August 2015 and a Broad Market Plunge
John Kicklighter
• Volatility is extraordinarily low heading into the Summer which resembles similar conditions in Summer 2014 and 2015
• Complacency creates a systemic imbalance that can expose market participants to unexpected changes
• With a steady Shanghai Composite and USD/CNH, China seems a benign issue; but the same seemed true before a severe tumble
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