A Return to Volatility as the New Norm for Markets

The video discusses the current state of market volatility, highlighting the rise in longer-dated volatilities compared to previous periods. It emphasizes the normalization of volatility and its impact on risk-reward dynamics for various assets. The discussion also explores whether high volatility and reduced liquidity lead to a false sense of insecurity among investors. The video concludes by asserting that current market conditions are driven by economic fundamentals rather than liquidity, with a focus on the desynchronization of global growth.

What theme does the speaker identify as dominant in 2017, and how does it contrast with the current situation?

In what way does the speaker believe the current market is fundamentally driven?