This week we look at the following charts and themes:

1. An alternative measure of volatility - the rolling 12-month count of moves exceeding 1% is on the rise
2. Global equity implied volatility - we have seen a cyclical bottom in volatility, welcome to higher volatility
3. Credit risk vs equity risk pricing - it also looks like we have seen a cycle low in credit spreads
4. The business cycle and volatility regimes - basically we are witnessing a volatility regime shift
5. China's bear market vs policy and politics - where to find upside catalysts for China A-shares

Video Length: 00:09:45