Every indexed document

as the basis risk has tended to be too high

we suggest 3M put spreads on NDX for two reasons: (i) our cross-asset

as basis risk runs too high with other assets

asset bubbles can be notoriously difficult to trade

‘95) the current bull run is still only half the size

the Nasdaq recorded its longest streak of monthly gains

the longest streak since 2009. Remarkably

which account for 36% of its total market cap.

Euro member bond spreads recorded a historically significant move

crude oil volatility was among the top gainers

we find Enel 3m bullish risk reversals screen attractive

too quick: investors who own stock should consider hedging a

we like SPX 12M Top50 dispersion to position for

as they can profit from both the inflation and deflation of a bubble without

suggesting still early stages of bubble formation.

so to speak. And underlying all this is the challenge to the

according to S&P Dow Jones Indices data. It took

2018 for more). We will continue to watch closely to

Apparently as a partial response to these concerns

the ability to subpoena such information would directly undermine current caselaw