SPYBEARISHFLIPPEDEXCESS RETURNS · BULLISH IN AUGUST → BEARISH IN SEPTEMBER

All-stock indexing is wrong, not just broken

The guest argued that the popular strategy of putting all savings into a stock index like the S&P 500 is fundamentally wrong, despite having worked well in recent decades, because it exposes investors to unacceptable volatility and psychological stress.

Jared Dillianauthor of The Awesome Portfolioon Excess Returns

EXCESS RETURNS CHANGED ITS VIEW

BULLISH FOR 8 DAYS, THEN THE TURN

THEN31 AUG · BULLISHKevin Muir argued that implied volatility for the S&P 500 around the midterm elections is significantly underpriced, especially given the unique political risks of this cycle.NOW8 SEP · BEARISHThe guest argued that the popular strategy of putting all savings into a stock index like the S&P 500 is fundamentally wrong, despite having worked well in recent decades, because it exposes investors to unacceptable volatility and psychological stress.

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