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Playing Investment Offense in a Defensive World

Playing Investment Offense in a Defensive World

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grahamsbenjamins
Apr 30, 2022
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GrahamsBenjamins Newsletter
GrahamsBenjamins Newsletter
Playing Investment Offense in a Defensive World
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Playing Investment Offense in a Defensive World

For the past 25 years, the investment world has lived life under a succession of Fed Chairman “puts”, commencing with the “Greenspan Put”, yet as each crisis since then has been bigger than the last, so too has the implicit strike price of the central bank “put”.

More than any other market dynamic, this has …

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