2 Comments
Apr 8·edited Apr 8Liked by Callum Thomas

Great insights as usual! What is the underlying data to capture the risk sentiment in emerging markets? Struggling to understand the chart. Thanks for your feedbackin advance!

PS: Apologies just noticed you wrote it's the z-score of Equity implied volatility, FX implied volatility, EM corporate credit spreads, and 5-year sovereign CDS pricing. My bad! :-)

Expand full comment