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‘Maybe There Isn’t A Big Tail Risk’ In Tech (?)
If you step back and think about the market turmoil that's unfolded in 2018 it can be clearly divided between the technical selloff that unfolded in early February and the more "fundamentals"-based weakness that's accompanied regulatory concerns around tech and generalized jitters about trade wars.
The February rout did have a fundamentals-ish trigger - the above-consensus AHE print that accompanied the January jobs report seemed to "validate" (scare quotes there for a reason) inflation concern
OMG Heisenberg just told me to buy FANG calls!!! My life (and permanent “investment” strategy) has been validated! On a serious note, I’m prolly gonna get some MSFT calls tomorrow, thanks!