Something’s Afoot with Liz Young of SoFi
RiskReversal Pod
00:00
The Muscle Memory of Recession
The financials at this point are trading below book value broadly, which generally speaking is an attractive entry point. But if you look at what's happened in the S&P sectors over the trailing one month, it's almost a perfect pattern of growthy stuff outperforming cyclicals underperforming financials. I think again, and we've talked about this so many times, this is the muscle memory. This is the recession or the drawdown, whatever we want to call it that we've been calling for.
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