So You Wanna Be A Grizzly Man?
It’s perilous.
It’s perilous.
Historic equity underperformance stokes expectation of massive rebalancing bid for stocks.
“Yet, without fresh capital, businesses will fold”.
“So what happens next?”
You can’t get rid of the Babadook.
“We are all subject to the same risk management parameters.”
“We certainly hope that these latest measures are enough”.
“…since the beginning of the COVID-19 panic, there’s been a ~90% plunge in futures market depth.”
“Which investors drove this selloff?” Another market “whodunnit”.
“The market does show some fragility”.
“Oh, what a difference a week makes.”
If you’re looking for a savior amid the chaos…
“I have an ugly vision of the future.”
“…frustration gave way to incredulity and, eventually, incredulity surrendered to a kind of fatalism”.
While timeless, it’s become even more germane over the last decade…
“Strategists such as Nomura’s Charlie McElligott and Marko Kolanovic have been elevated to god-like status”.
“Escalator up/elevator down”. But don’t forget the nuance.
We may never know.
Of Bigfoot, Bat Boy and other tall tales.
A “structural change” is coming.
But, you know what they say about the “best laid plans of mice and men”…
The problem: You’ve got to be willing to “take on liquidity risk”.
“The current market configuration has emerged largely during a prolonged period of low volatility”.
You must be logged in to post a comment.