Forward Guidance · Thursday, August 27, 2026
The current market environment is characterized by low liquidity and volume, with policymakers intervening at an extreme pace. The speaker advises against making aggressive moves, noting that policy makers are actively trying to remove 'left tail risk' by pumping certain assets.
“It's already low liquidity, low volume. The the policy makers and powers that be are intervening at an extreme pace in a low volume environment.”
“So you're, you're getting bond market intervention, oil market intervention, vol compression. Like, it's, uh, not a time to like, bet against that in a big way probably, because there's no one here to really sell.”
“But, uh, as we'll get into Worsh and all these things. Like, they're doing everything to remove the left tail. So just bet on the stuff that they're pumping.”