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UBS GWM cautions about risk assets as VIX index reaches two-year high

With the VIX index hitting its highest level since December 2018 and with the market down sharply this week, systematic selling from trend-following funds and investor deleveraging likely exacerbated the sell-off, UBS Global Wealth Management cautions. “We cannot know precisely when the virus will be contained, nor what measures countries that are experiencing new infections will take to control it,”…

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