It's time to burn all books on risk management.
Saw 3 tweets on TL how buying tail risk protection and puts reduces returns.
— Sunchartist (@sunchartist) August 24, 2020
WSJ: The Median S&P Stock Has Never Been More Expensive / Nasdaq at Dot Com Bubble level valuations#FedPolicy #BubblesRUs #MisallocationofCapital @ericrosengren @RobSKaplan @neelkashkari @raphaelbostic @marydalyecon @steveliesman @michaelsderby https://t.co/sXPvn9YMdW pic.twitter.com/XsISaEwVb9
— M/1_LP (@MI_Investments) August 24, 2020
As the $SPX closed at a new high, breadth has remained negative, as the market has become more top heavy pic.twitter.com/he0OXARdZU
— Howard Silverblatt (@hsilverb) August 23, 2020
Spain’s experience offers a cautionary tale about how hard-won progress against the coronavirus pandemic can quickly come undone https://t.co/CaafMtjVn1 via @WSJ pic.twitter.com/xrdFzu43Vb
— WSJ Graphics (@WSJGraphics) August 24, 2020
There is clearly a V in sell-side expectations. Back to peak margins in 2021 (STOXX GLOBAL 3000). Crazy times… pic.twitter.com/OYnjRTvBae
— Carl Grapenfelt (@CarlGrapenfelt) August 24, 2020