Loading ...So the question is – what’s the cheapest way to hedge against a crash scenario?
Bank of America’s Jason Galazidis has some answers…
Ranked by the average, the screen below shows that the hedges which are most underpricing historical drawdowns are:
Gold calls, US HY Credit hedges and EUR 10y receivers
And so – once again – the precious metal regains ‘most-favored-nation’ status as the world’s emerging markets collapse and economic reality washes ashore on the banks of the river-of-excess-debt…
