“No market crash coming because credit spreads are far too low for a volatility blowup, just a massive rotation as frothy sectors deleverage and beaten-down ones squeeze higher.”
“I'm not bearish on the market in general. I just think there's going to be a massive sectoral rotation just given how, like, credit spreads this low. It's hard to really have like a, you know, volmageddon type thing”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.