Credit Suisse's Soss You Had to Be Short Volatility to Survive

The video discusses various factors influencing market dynamics, including the impact of tax overhaul and global issues on the US rate curve. It highlights the role of central banks in reducing market volatility by absorbing risky assets. The discussion extends to short volatility strategies employed by investors over the past decade, emphasizing the challenges of unwinding these strategies in a changing market environment. The video concludes with observations on the rising volatility in markets and its implications for investors.

What factors are contributing to the current state of the US rate curve?

How have central banks' actions affected private investors' volatility exposure?

What does it mean to have a short volatility strategy in the current market?

What challenges arise when trying to unwind a short volatility strategy?

What observations can be made about the current trends in market volatility?