If I have to look at another “indicator” which is basically an inverted stock price chart I will simply go insane.
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People buy more puts when stocks are down! I scream uselessly into the void.
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CNBC-brain where the only reason FICC or vol markets exist at all is to “flash a warning sign” about what the DOW might do next
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In a few years’ time people are going to be implicitly claiming that the 2019 2s10s inversion predicted Covid, I guarantee it
End of conversation
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One of my biggest peeves. Same for PMI data, oil prices (usually), most economic measures, and anything that is simply coincident or correlating, but not leading (and more often than not lagging). I mean, if there is some mean reversion around the corner, then maybe, but tough.
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