Charlie McElligott at Nomura nicely illustrates that air needs to come out of the bubble before it can inflate further. With the current stage set above, Nomura strategist Charlie McElligott notes that this trailing multi-month “Vol Crush” – certainly within Equities space – has been a function of bunches of things: 1. Prolific Equities “Vol Supply” (Structured Notes
The post The bubble in stupid appeared first on MacroBusiness.