July 28, 2020
The race to the bottom by the central banks will not end well. The shift from central bank puts as they are called that are “reactionary” to pre-emptive stricks on financial risk through unconventional monetary policy amplifies hidden short convexity. A market that is trained like Pavlov’s dogs. A backdrop that leads
to tail risks that are near impossible to gauge.
————-
You need to login to view the rest of the content. Please
Login. Not a Member?
Join Us 