@gvnr this one is a bit more serious and has the stink of possible regulation surrounding it which didn’t really accompany prior kerfuffles.

@gvnr it’s a good point but I would argue that PE always matters as the market will always adjust its leadership, so if/when FANG falters there will likely be need leadership that emerges thereafter.

@gvnr by the bond market is always right I suppose you mean with respect to temporary reflation?

@gvnr I’m not sure that’s what he meant as the IV value threshold for XIV is 80%, I think he may have meant the UVXY/VXX/TVIX of the world but I could be wrong as I have to review his video.