„As a reminder, Kolanovic was the first to explain just how the various „technical“ price-insensitive trading strats, which include derivatives hedgers, Trend Following strategies (CTAs), Risk Parity portfolios and Volatility Managed strategies, were incorrectly positioned, and how the residual volatility resulting from either option gamma-hedging or due to any other reason, had become a self-fulfilling prophecy as one after another technical seller emerged and flooded any fundamental buying.“

 

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