Andrew Lapthorne

Andrew Lapthorne, Global Head of Quantitative Research at Société Générale, dives into today's extraordinary market dynamics. He reveals how a handful of mega-cap stocks dominate profits and raises alarms about valuation bubbles. Andrew highlights that while major indices seem stable, the average stock is pricier than during past bubbles. He critiques the impact of passive investing on market behavior, arguing it amplifies concentration risks. Their conversation also touches on the limitations of AI in trading and potential triggers for market shifts.

Andrew Lapthorne, Global Head of Quantitative Research at Societe Generale, shares his insights from 25 years in finance, focusing on market price analysis and risk management. He reflects on pivotal moments, like the late '90s tech bubble and the lessons from the global financial crisis. Andrew advocates for innovative hedging strategies amidst rising inflation, suggesting that certain equities can act as effective buffers against bond risks. His deep understanding of market cycles and volatility provides valuable guidance for modern investors navigating today’s economic landscape.