Video: Why the Market isn't Crashing
Description credit to Blockworks:
Noel Smith, Chief Investment Officer & founder at Convex Asset Management joins Jack Farley to talk all things volatility: how does it affect the S&P 500 options, stocks, and bonds?
When Noel Smith first came on Forward Guidance in June, he predicted the market would not crash. That has played out very well as the S&P 500 has surged higher since then and volatility has fallen. Since Noel’s prediction turned to be completely accurate, Jack wants to know: is Noel a genius, or did he just get lucky?
Noel and Jack talk about the dispersion between index volatility and single stock volatility, as well as the flipping of stock/bond correlation. Does Noel think volatility will return to the markets? You need to watch to find out!