Surveillance: Gauging Impact of Russia Mutiny
Bloomberg Surveillance
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The Notional Value of Derivative Overlays
The market tends to be very bad at pricing out these risks from a left tail and a right tail perspective. If you're going to put tail hedges on some sort of index proxy, like an Apple, for instance, those are quite inexpensive because what happens is if it becomes more unstable, you get a correlated move down. That's why you want to just own anything that could be a proxy to the overall market.
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