Jesse Felder: The Short Vol Trade Is Back!

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via Jesse Felder:

The short vol trade is not only back, it’s bigger than ever.

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But there are a growing number of potential risks…

…including persistent inflationary pressures…

…weakening in the labor market…

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…unprecedented fiscal challenges…

…and growing geopolitical conflict…

…that threaten to upend it yet again. Plus ça change.


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