Don Curren 🇨🇦🇺🇦Feb 25
1 #TorstenSlok, chief economist at Apollo Global Management: share of #S&P500 names moving more than 10% in a single day has increased, and high dispersion and low implied correlation suggest #stocks are increasingly trading on their own fundamentals. 🧵
Show threadDon Curren 🇨🇦🇺🇦Feb 25
2 #TorstenSlok, chief economist at Apollo Global Management: At the same time, options activity remains extremely elevated, consistent with heavy retail speculation and leverage-like exposure. Larger idiosyncratic moves and outsized options participation leave the market structure … 🧵
Show threadDon Curren 🇨🇦🇺🇦
3 #TorstenSlok, chief economist at Apollo Global Management: … more fragile and more vulnerable to an abrupt, outsized move. #markets #stocks
Feb 25 at 12:22pmWeb