The narrative around a V-shaped recovery sounds like the fan base of a team that was pre-season top 25 and lost to two mediocre teams at the start of the season. It seemed some promising a few months ago. Surely they will turn it around? They rarely do...
In the absence of said V-shaped recovery, do you think there's a meaningful chance the above might be true for the opposite trade? (Treasury calls doing very well because of deflation and negative rates)
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Yea, long tsys is my biggest position outside of crypto and cash
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