2min chapter

Animal Spirits Podcast cover image

Getting Rich Quick (EP.285)

Animal Spirits Podcast

CHAPTER

Can the Market Call the Fed's Blowup?

Two weeks in a row, we had Fed official come out, talk, talk and the market fell. Panosac: Do you know where the hawkish, dovish stuff comes from? "I've never heard a good explanation," he says. The over and the favorite are like call options; they're overpriced because everybody wants to pick the winner and the over.

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