Last one, this difference is fascinating. Check out the call gamma vs put gamma in $UVXY vs $VXX
With this setup if $VIX spikes could VXX squeeze more than UVXY making VXX initially more convex (at least call prices)? I'd think not because VXX spike would cycle back to UVXY...
The BLS says US labor market is on FIRE like it hasn't been since '14!
Anyone buy that?
Nope. In fact, the only things being bought today are every last bit of pristine repo collateral available in the world.
(these 2 charts are mutually exclusive)
https://t.co/Wpxa31ybFW
Whoever is going to take a hit in the US high yield corporate bond market it is not going to be retail investors who have exited. Data from @CreditSuisse via @SoberLook
1/ there is this sense when you are young that your accomplishments need to be a list of things that seem impressive to others. A list of several items you did.
This isn't actually right, so here is another suggestion.
@farnamstreet@RayDalio Does he have a strong view re USD in either direction & the probability he asign to it maintaining its position as the global reserve crncy