DC Lite #176

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1. Default rates. "If the economy were crashing, default rates would be spiking higher, and that is not what the data shows."

2. Call-put skew. “Human nature never changes…”

3. HFs vs. dip. "Hedge funds bought the Monday dip at the fastest pace since March."

4. SPX vs. VIX. “Welcome to the blue zone: the top decile VIX readings, often associated strong forward equity returns. Expect more volatility though.”

5. Equity risk premium. "US equities are more attractive than bonds for the first time since June 2023."