As markets head towards Black Friday, the mood among investors echoes the gloom from which the shopping holiday derives its namesake. Markets across Europe, the U.S. and Asia have all hit snags this week, and the VIX volatility index also soaring.
The negative sentiment isn’t particularly down to one fact or another, said Macquarie’s Thierry Wizman in a note to clients this week. Rather, it’s a “deadly confluence” of bad news—or rather, news that investors would rather not see.
