zerohedge.com / by Tyler Durden / Feb 17, 2017 8:10 AM
With both volatility and asset correlations near all time lows…
… and complacency dominating across all global markets, one BlackRock money manager warns that investors should probably be a little more nervous.
Even as the recent stock surge and below-average volatility show investor optimism is near all time highs, markets are underpricing global political risks, said Russ Koesterich, who helps manage the $41 billion BlackRock Global Allocation Fund.
Why is Koesterich worried? The price of gold, which has failed to validate the prevailing calm, in fact just the contrary.