Dark, Mysterious & Sexy Volatility
The ACID Capitalist Podcast
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Is There a Law of Nature That Says Equity Volatility Goes Up?
This year, we've had actually on a fixed strike ball versus spot basis, we've fairly consistently have those positive spot ball covariance dynamics. And that corresponds to how the world works, where usually most of the time stocks kind of go up slowly and crash fast. That's just like how markets often tend to trade in certain environments. Nobody's got everybody's super under positioned until right so that the dynamics I think of this year are recordLow levels of net leverage and gross leverage among hedge funds.
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