Tall Tales & Cheap Tails

Published on: November 12th, 2021

Antipodeans have often been at the forefront of monetary policy experimentation over the course of my career. This time the Wizards of Oz came a cropper. This should highlight the problem with forward guidance taken to extremes and discredit YCC. Whether it matters remains to be seen but for me, oscillating dislocations have truly started.


  • sp
    stephen p.
    15 November 2021 @ 18:48
    Thanks very much Julian for the HYG recommendation.
  • LO
    Leonard O.
    17 November 2021 @ 00:39
    HYG: Buy March 85/80 Put Spread at ~0.80. Target 5. Review Jan. Contingent Is this a bull put spread (sell 85 strike and buy 80 strike) or bear put spread (buy 85 strike and sell 80 strike)?
    • AS
      Andrew S.
      17 November 2021 @ 20:38
      He shows it on the chart on page 15. Buy 85 strike and sell 80 strike.