Global MarketsFixed Income
Was David Woo Right; Was the Selloff Exacerbated by Risk Parity Strategies?
Today after the close Bloomberg TV had David Woo, Managing Director and Head of Global Rates and Currencies Research at Bank of America/Merrill Lynch, on to provide some insight regarding recent market action. More specifically, he addressed how Chinese and American markets are linked. He dropped a lot of gems during his segment but one point really struck a chord with me. He said that the recent selloff has likely been exacerbated by "Risk Parity Guys". If you're unfamiliar with 'risk parity'
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