Macro Voices

Macro Voices header image 1
January 11, 2019  

Chris Cole: The ‘BIG ONE’ (Vol event) hasn’t happened yet.

January 11, 2019

Erik Townsend and Patrick Ceresna welcome Chris Cole back to MacroVoices. Erik and Chris dissect the Vol crash in February 2018 and the implicit/explicit short vol risks. They then put perspective on the next phase of the short vol unwind and the impacts of the reduction of central bank balance sheets. They further discuss the link between volatility and the credit cycle and the stock/bond correlation.