The downside growth risks from the bullwhip effect reversal and extreme lows in liquidity indicators favor risk-off positioning. We advised clients to sell equities and high yield credit into the rally that started in mid-June and put on hedges. The below is an excerpt from our Aug 9th report to clients.
The credit cycle is deteriorating quickly
The credit cycle is deteriorating quickly
The credit cycle is deteriorating quickly
The downside growth risks from the bullwhip effect reversal and extreme lows in liquidity indicators favor risk-off positioning. We advised clients to sell equities and high yield credit into the rally that started in mid-June and put on hedges. The below is an excerpt from our Aug 9th report to clients.