I’m Joe Tigay, portfolio manager of a volatility-hedged equity strategy at Rational Funds and a former VIX pit options market maker. I watch my kids play games, and one thing always happens when there’s a scarcity of resources—demand goes through the roof. Everyone wants what’s limited. From my years trading in the volatility pits, I’ve seen this same dynamic play out in markets countless times. This brings me to something economists call a “crack-up boom,” which works just l...| Catalyst Insights
The stock market lately feels a bit like the TV show Lost—we keep getting answers, but each one just leads to three new questions. And frankly, just like that show, there’s a nagging worry that this whole thing might be running longer than it should, sustained more by momentum and popularity than by any coherent underlying story.| Catalyst Insights
