Tail risks in the markets

posted in economics section but no traction..reposted here

What do you see as tail risks in the market now? if we define tail risk as assets with good chance of 3std dev move in a day? or 10 std dev in 5 days?

What appears as "bubbles" to you? Not only assets/metric that are way too high but also way too low

corp bonds? ukraine? china?
 
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