FX, Gold, and Sovereign Debt volatility seem to be driving all asset volatilities over the last week. Most recently, the downward pressure of oil volatility has also helped to keep other volatilities dripping lower. Equity volatility: Skew continues to soften while term structure flattens w/ another parallel shift downwards.
Clothiers catering to teens and young adults were selling off Friday, paced to the downside by Abercrombie & Fitch, …