"Markets Are Just Going To Break In Some Parts" - One Bank Sees Bond Market Turmoil Shifting To Stocks

A huge divergence has opened up between stock and bond market volatility, the former measured by the absurdly calm VIX index, the latter by the surging MOVE whose spike pushed it to the highest levels since April 2020, suggesting bond traders are increasingly on edge over how the Fed's taper announcement could impact bond prices even as equity markets continue to ignore any and all potential risks.
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So who will be right: Goldman, which expects the recent fireworks to be contained to bonds, or Morgan Stanley, which sees the bond turmoil spilling over into stocks by the end of November. We may get the answer as soon as tomorrow when Powell announces the start of tapering.
https://www.zerohedge.com/markets/ma...hifting-stocks