This reminds me of a trading incident decades ago. We were unwinding a portfolio of correlation trades. The trades basically bet on continued correlation between assets. Unwinding those trades means assets which typically correlate now correlate less. When we fucked we they sometimes anticorrelated. Anyway, some of these price movements were noticed and incessantly commented on by CNBC pundits. Theories abounded. All wrong. Most amusing.
lol. I can see the humor in that. I can’t say I have seen it IRL but it does strike me as entertaining to imagine. Sort of funny in that “haha didn’t happen to me” kind of way.
