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Hedgeye Podcasts

Ep.108 Real Conversations: Market Risks + Opportunities | Mike Green & Mike Taylor w/ Keith McCullough

Dec 12, 2023
Credit card delinquency and national debt are increasing. The economy is due for a correction. Keith McCullough is joined by Mike Green and Mike Taylor to discuss market risks and opportunities for 2023. They explore the lack of buying protection by institutional investors and the significance of liquidity in the market. They also analyze the impact of fund flows on market dynamics and discuss early signs of a recession and hedging strategies.
01:08:08

Podcast summary created with Snipd AI

Quick takeaways

  • Institutional investors are focused on reducing hedging costs through put spreads and are not actively buying protection.
  • There is a dispersion of performance among mega-cap stocks, leading to portfolio rotations and reassessment of market risks.

Deep dives

Lack of interest in buying protection

Institutional investors are showing an extraordinary lack of interest in buying protection, with most protection being bought in the form of put spreads. This trend is driven by a desire to reduce the cost of hedging and keep up with the market's upward momentum.

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