Stock markets are flashing a bullish signal amid tentative signs that inflation volatility is peaking, according to JPMorgan Chase & Co. strategists.
As fears about hawkish central banks and a potential recession sparked a rout in US stock markets this year, the put to call open interest of S&P 500 options collapsed as demand for hedging subsided, strategists led by Nikolaos Panigirtzoglou wrote in a note on Wednesday.
