Just an interesting article I was reading over at ZH. I know, everyone hates that site. But I thought this was pretty good…about the over crowded selling of volatility trade.
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In his latest daily note, which does a fantastic job of exploring what the macro “big picture” looks like at this moment (more on that below), RBC’s head of cross-asset strat Charlie McElligott focuses on one of his favorite topics: random outlier moves in asset volatility and, specifically, the…