Rising Mortgage Rates And The Next Shoe To Fall: Mind The Bond Market Convexity Hedgers!

…… traders are increasingly worried, after the worst week for stocks since Jan 2016, what further Treasury selling could mean for equities as a result of a potential violent deleveraging of risk-parity strategies, which will be forced to significantly reduce their gross exposure following last week’s drubbing. Yet with everyone’s attention now on deleveraging risk-parity […]
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.