To Survive Disasters, You Need Smiles (guest: Steve Hou)
The Market Huddle
00:00
Defining Economic Regimes - Slide 16
Inflationary environment with generally low macro volatility, this smile shape is not very distinct. But if you look at the longer history, I think nearly all asset classes would display such a pattern. And right now, for example, on the two-child's not right, I show that we are currently in a stack inflationary regime.
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