The JPM Collar – Understanding the Market’s Hidden Hand
What Is the JPM Collar? The “JPM collar” refers to a large, structured options position—widely associated with JPMorgan’s hedging program—that […]
SP500
S&P 500, Rates, ERP & Growth
A Macro Framework for Understanding Equity Returns What Drives Equity Returns? Total equity returns can be approximated as the sum
Weekly Snapshot [July 11, 2020] – FX, Oil, Gold, Global Indices & Yields
This may offer the clearest picture of what the new “normal” might look like. Under the guardedly optimistic assumption that COVID-19
