Did summer holidays make this week’s market turmoil worse?

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Financial Times 12h ago

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Did summer holidays make this week’s market turmoil worse?

However the magnitude of market moves “is perhaps as much about the lower liquidity we see at this time of year as the scale of any reset in sentiment or economic outlook”, said Oliver Blackbourn, portfolio manager at Janus Henderson.

One junior trader at a hedge fund in the US told the FT that their manager remained on holiday and left them to respond alone to some of the worst market turbulence in years, including managing severe losses.