Comments
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LTSo let me get this right: Short high yield with a 10% profit target that has a 5.5% cost of carry in an instrument that is showing relative strength as a flight to safety...? I am guessing this guy's portfolio is a statement about his views on the president, and may feature some cognitive dissonance.
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JCI like his thinking and enjoyed the video, but the trade itself doesn't make sense.
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AABrilliant!
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SSHey Max, if hot high yield as a mistake, what do you like for parking those funds coming out of emerging markets?
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RMThanks, Max. Appreciate your balanced views on this and fully agree that risk is not priced into US high yield. I wonder what your view is on European junk relative to this trade idea?