By Paolo Schiavone, Goldman FICC VP and trader
A continued rally in bitcoin transmits liquidity to all crypto ecosystems. This can be the start of a new crypto bubble. As always, rule number 1 is “When I see a bubble forming, I rush in to buy, adding fuel to the fire.”
Moving to traditional asset classes. There is a dislocation in implied volatility x-assets. While equity vol has dropped significantly Rates and FX vols are lagging.
