I Like My Term Structures Kinky

I Like My Term Structures Kinky

I've talked quite a bit about how the US equity market is grossly mispricing political risk. As a friendly reminder, last month was the third calmest January in history as measured by average VIX level and realized volatility was the fifth lowest on record. Essentially, US stocks are pricing in no near-term risk from elections in the Netherlands, France, and Germany and seem entirely blind to policy implementation risk here at home. The discrepancy in how the VSTOXX is pricing French electio
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One thought on “I Like My Term Structures Kinky

  1. There will be risk as long as The Orange/julius is president. 1/ he is dangerous 2/ he is an enemy creator 3/ he is another debt maker 4/ he/Bannon will start a war with someone 5/ he will destroy what little democracy we have left. All hail Caesar.

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