Basically the interpretation is that Draghi just left the door open to expand QE

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Fun little factoid from my friend Jon Krinsky at MKM Partners about yesterday’s bludgeoning: Among the many extreme breadth readings yesterday was that 499 of the S&P 500 components closed negative. Granted there are now 502 stocks in the S&P 500, but that is still the 2nd highest reading going back to 1996. The only…

when volatility rises lower quality lags behind and that is exactly what happened in August.

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At the request of so many investment advisors, my friends at Riskalyze share the big trends in the assets going into and coming out of advisor portfolios every week. The underlying data is aggregated from hundreds of thousands of client accounts across the $44 billion and counting that advisors manage on the Riskalyze platform*. I…