Show was recorded at 6pm EST on Sunday 8th March.
In Episode 32 of “Benny & The Squirrel,” discuss the severe market implications of spiking energy prices driven by geopolitical tensions, warning that such crude oil shocks historically lead to recessions.
We highlight deep complacency in equity markets and caution against a potential unwinding of the dispersion trade, which could trigger a massive spike in index volatility.
We advise defensive positioning, suggesting the SJB ETF as a cash proxy to hedge against high-yield credit blowouts and urge listeners to hold cash and avoid complex options trading in the current market.
Make sure you join us again on Thursday. Danielle DiMartino Booth is going to join for a chat about the impact of the private credit market implosion on commercial banks.
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