Jay and Derek Special Edition Podcast
By Derek Moore
Show Summary:
Derek Moore and Jay Pestrichelli jumped on a special edition podcast to discuss whether the move in things like the VIX and VVIX were warranted given the technical surroundings of the carry trade and where markets went. Looking back at previous VIX spikes and the high yield spread in times of crisis. Plus, discussing how some strategies held up and some insights into what went on. Finally, what a higher volatility regime would mean for strategies that sell options like covered calls or high probability credit spreads.
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Topics Include:
- What does a currency Carry Trade mean?
- What does the carry trade unwinding mean?
- Why carry trades may show leverage in the system that causes ripples in financial markets
- S&P 500 Index back to levels not seen since….June 7th
- Unpacking the unemployment rate and how the rate rose even though more people working
- Explaining the VVIX Index
- VIX and VVIX spike this week with the market volatility
- Comparing returns since the July 16th all-time high of equities vs high yield bonds
Mentioned in this Episode
Where to find the High Yield Spread
Jay Pestrichelli’s book Buy and Hedge
Derek’s new book on public speaking Effortless Public Speaking
Derek Moore’s book Broken Pie Chart
Contact Derek derek.moore@zegainvestments.com
www.zegafinancial.com
Last Week’s Episode:
Market Volatility | Yen Carry Trade Unwind to Blame? | High Yield Holds Up
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