Derek and Jay analyze the recent viral video where Dave Ramsey suggests people can safely withdraw 8% forever in retirement. What doesn’t make sense, what is left out, and why the assumptions may be faulty.
New HiPOS Conservative Trade Details - The ZEGA trading team found a new short call spread to put on this morning in the HiPOS conservative accounts.
Derek and Jay review the Goldman Sachs probability of recession and Fed rate forecast for 2024. Then they do a deeper dive on key aspects of US Treasury Bond auctions.
Derek and Jay ponder whether the Fed is truly done and if the street is too optimistic on rate cuts in 2024. Plus, they discuss new data showing option selling ETFs are having record assets between inflows and new entrants.
HiPOS Conservative Trade Update - With only 8 trading days left until expiration, the primary HiPOS trade is sitting with an unrealized profit despite the market being down from where it was on entry.