Cheap Convexity

Cheap Convexity

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Cheap Convexity
Cheap Convexity
Looking Past Peak Everything

Looking Past Peak Everything

Jon Turek's avatar
Jon Turek
Jul 02, 2021
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Cheap Convexity
Cheap Convexity
Looking Past Peak Everything
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While fears of the delta Covid variant are clearly rising, especially in countries that have had lower vaccination rates, there is this strong element of “peak everything” in the market. This sort of thinking is very rooted in the 2010-2020 cycle. As we saw in the prior cycle, every time a public sector impulse, whether it be Chinese credit, Fed QE, etc…

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