In the words of BofA’s equity derivatives desk: “equities remain comfortably numb to macro challenges”, particularly at the index and index vol level.
Today’s reaction to a reportedly Israeli missile hitting a Gaza hospital and killing 100s was a great example of the sheer blindness…
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https://www.zerohedge.com/markets/these-are-two-crash-hedges-recommended-bofas-bearish-derivatives-desk
