US markets in quietest period for 90 years
Even the markets deserve a holiday.
As traders jet off on their (now shorter) breaks, it appears the markets are taking a breather too.
US markets are at their quietest since 1927, according to Deutsche Bank, with the S&P 500 recording no fewer than 12 successive closes with moves of less than 0.3 per cent in either direction. Things haven’t been this dull for 90 years.
This is becoming a habit: Deutsche also pointed out earlier this year that currencies were in a deep slumber.