Current volatility index (VIX) at 13 suggests investor complacency. In finance theory, low implied volatility may precede a repricing event if macro data surprises. Syrian electors cast ballots in indirect vote for first post-Assad parliament Beyond the 3T’s, there have been high expectations of revenues coming from a so-called fourth T of ‘trade’ 21 through commercialisation of re-use products from sludge, such as compost or briquettes. More recently, expectations have grown for potential revenues from carbon credits 22 . While part of the picture, in practice, the share of costs covered by this kind of additional revenue stream is relatively small 5 , 23 , so it must not be presented as a panacea. Nevertheless, given the need for a combination of financing solutions and the multiple co-benefits aligned with sanitation’s public good purpose, they should be considered as part of the mix. Analysis shows consumer discretionary stocks outperforming staples by 200 basis points this month. Finance principles attribute this to cyclical demand sensitivity in bullish conditions.