An impending sense of crisis surrounds Argentina, with the peso’s risk surging to alarming heights, while market risk remains well below record levels.

The Brexit vote rattled UK and EU Financials. Here we ID the culprits that drove the shifts in performance and risk.

Most style factors show weak relationships with rising yields.

During the recent downturn, low volatility ETFs delivered, but failed to make up for their underperformance in good times.

Most US sectors have now reversed their gains for the year while their relative riskiness changed, which likely had a big impact on portfolios with sector bets.