This is a "short call" market, as tech leadership is floundering and focus shifts to macro.
You can see this exemplified in 1-month $Apple (AAPL.US)$ skew.
you can see also this in correlation, which has unwound back to norms after record lows into July '24. no longer are traders worried about missing the "AI right tail".
At the same time is the return of 60/40, wherein bonds are a viable hedge and/or alternative to stocks vs the TINA '22-23 period.
you can see also this in correlation, which has unwound back to norms after record lows into July '24. no longer are traders worried about missing the "AI right tail".
At the same time is the return of 60/40, wherein bonds are a viable hedge and/or alternative to stocks vs the TINA '22-23 period.
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