Wrong Answer to the Right Question (guests: Russell Clark, Cem Karsan)
The Market Huddle
00:00
The Reflexive Effects of Implied Vol on the Market
The market was very well hedge skew was at record levels and the S&P 500 across indexes. It was broadly after a big rally, a lot of expectations that a decline was coming. And instead of just selling stock, people were buying vol because that was what worked so incredibly well in February of 2020. The reflexive effects of that are people abandon those hedges.
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