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The year is only halfway through and already 2018 is on track to be the most volatile since the financial crisis, Morgan Stanley analysts wrote in a note published Monday.
Morgan Stanley defines a "large move" as an unexpected single day change in price compared to "what was implied by options markets at the time" in global stocks, bonds and currencies, the note said. The firm charted multiple markets around the world, ranging from currencies like the Australian dollar and the euro to commodities like Brent crude oil and copper. And of course, the firm looked at U.S. stocks.
