re: Earnings season ramps up: A massive week for the US stock market

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I don’t think of risk defined as volatility, even though that is how it’s traditionally described. I would consider the relative risk in bonds greater than the volatility risk in stocks considering the macro backdrop.

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I actually agree with you here especially if you are talking about bond ETFs. They suck in the “risk-free” crowd; when interest rates rise OR when there is a big macroeconomic downtrend, they tank.

And yes, the “risk is volatility” definition is not fully accurate. Risk in the modern sense is the probability of failure.