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But we saved everything 🙂.
The VIX, which measures option implied volatility for the S&P 500 in the month ahead, spiked on Friday amid concerns over potential write-downs of AI-related debt. Robin Brooks described this spike as minor in the overall market context, suggesting it is a 'storm in a teacup.'
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Brooks has recently weighed in on major economic developments beyond U.S. markets. He assessed ongoing turmoil in Iran, noting the country's currency collapse and loss of control over the Strait of Hormuz in his comments on Iran’s economic crisis. In another post, Brooks highlighted the shift in yields as France’s real 10-year yield pulled even with the U.S. due to European Central Bank policy.