Per BofA/Zerohedge, it has never been cheaper to hedge.https://t.co/sVqJwRsKyE
Nominal hedges are cheap but from a portfolio performance perspective hedging is VERY expensive in this melt-up.
And, it's not their money.
Therefore they're the longest since the top. pic.twitter.com/GVOe2QkJo3
— Mac10 (@SuburbanDrone) July 27, 2023
How do you keep up with a market led by five massively overvalued stocks?
You don't hedge.
Obviously. pic.twitter.com/nBeeZP89TD
— Mac10 (@SuburbanDrone) July 27, 2023
Twitter "X" is turning into another Elon Musk pile of crap. pic.twitter.com/qWlHEAVcNJ
— Mac10 (@SuburbanDrone) July 27, 2023
The odds are now more favorable for bonds than stocks
The bond market/stock market volatility ratio (MOVE/VIX) has reached levels last seen in the mid-90s pic.twitter.com/VP9g81TcRp
— Bravos Research (@bravosresearch) July 27, 2023
"the market can remain irrational longer than I can stay sober" pic.twitter.com/TXnibrZEu2
— StockCats (@RealStockCats) July 27, 2023