Volatility is cheap

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Volatility is cheap

David P. Goldman writes that market volatility is at unexpected lows, except for gold prices, which indicates strategic accumulation by central banks like China’s. He suggests hedging portfolios against geopolitical shocks by trading volatility.

Russia bids to overstretch Ukrainian forces in Kharkov push

James Davis assesses Russian moves to open a new front in the northern Kharkov region. Moscow’s aim appears to be creating a buffer zone and stretching Ukrainian forces thin, potentially setting up a southern offensive.

Biden’s big tariffs and China’s retaliation

Scott Foster writes that the US Commerce Department’s actions against China, such as revoking Intel’s license to sell processors to Huawei, have harmed American companies’ revenues and market positions, potentially Intel in the line of fire.