@NickTimiraos Honestly it’s shameful they still refer to this number as a measure of inflation.
Get the brain trust together at the bureau and cook us a real debasement index please.
@rev_cap Don’t think the current status quo can persist. At some point, the back months in CL will price out a near term resolution and then you get serious demand destruction.
@donnelly_brent Single name realized was high but correlation was low so index realized was low.
Dispersion desks took the index risk from specs buying puts and converted it to a correlation position.