Last month in this forum I alluded to “canaries” in the coalmine (see here) , referring to the high implied volatility on options of stocks like Micron (MU) and SpaceX (SPCX). One working hypothesis was that assisted by leverage (both direct and via ETFs that provide this leverage) the market is currently amplifying “bi-modality”, […]
The full note on this important topic can be downloaded at this link: LTA Thinking – How Bi-Modality Is Percolating Up Into Macro Markets