After “cutting its crash-hedging program as part of a cost-curtailment effort and because of a lack of understanding of how tail hedges work,” the California Public Employees’ Retirement System (CalPERS)…
Day: May 8, 2020
The Reason for Bear Market Rallies
A recent article in Forbes offers perspective on bear market rallies and why they occur, drawing on historical data going back to the 1930’s. “One question I often get from…