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01.08.2025 04:52 AM
Yesterday, markets saw a broad retreat from risk assets: the S&P 500 declined by 0.37%, the U.S. Dollar Index rose by 0.16%, and oil fell by 0.90%. Yields on government bonds remain within Monday’s range, currently balanced by risk aversion and expectations of persistently high rates. More telling, however, is the 8.01% jump in the S&P 500 VIX “fear index” (to 16.72) — the largest daily increase since the third decade of May, when Moody’s downgraded the U.S. credit rating.On
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