AAA cracks

Having waited for three months now for a financial markets’ armed robbery that – despite one week in June that was the worst since February – hasn’t given us sleepless nights yet, there remain signs of discomfort as we enter a typically volatile time of the year for portfolio managers.

They aren’t very bullish if you follow certain surveys mentioned as a side dish in our Wednesday coverage (chart screen grab add-on here).

And as some major benchmarks “booked their first positive close in six sessions ...

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