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The word "TAM" came up quite a bit across many exchange earnings calls this quarter. ESG TAM China TAM Swaps TAM Passive TAM Mortgage TAM Corporate Bond TAMpic.twitter.com/xVoayTFBLC
Ratings agencies ( $SPGI, $MCO ) played catch-up all year with guidance as debt issuance blew the doors off previous records.
2021 forecasts don't look to shabby either:pic.twitter.com/wnIUvczGU2
Cash equity volumes are highly correlated to the VIX. While it's hard to forecast volatility, the VIX futures term structure gives sentiment clues. 2021 is expected to stay quite volatile:pic.twitter.com/WgBTz0iaRX
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