- Created: Monday, 02 October 2017
Some challenges coming into focus for 2018
September turned out to be a good month for financial markets, thanks to the confirmation that the global economy continues to benefit from cyclical tailwinds. The “goldilocks” scenario has become consensual. Expectations for decent economic growth and contained inflation in 2018 go unchallenged. Against such a backdrop, it should come as no surprise that the implied volatility of equities (VIX index) is flirting with its lows of July 2017.