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(1) A Real Black Swan: Official Recognition of UFOs (and Aliens)? (4 min read)
UFO presence will be officially confirmed by the US government later this month! That’s the view of John Winsell Davies, who discusses the implications of UFO disclosure for public trust, and for asset prices.
(John Winsell Davies│4th June, 2021)
(2) Rate-Sensitive Equities Nervously Await the Next Treasury Yield Move (2 min read)
The recent rangebound performance of US equities and bonds masks how much interest-sensitive sectors have fluctuated, writes John Tierney. He discusses how to position around differing views over the next major move in rates.
(John Tierney│4th June, 2021)
The Donut Effect of Covid-19 on Cities (NBER working paper, 34 page read)
Hedging macroeconomic and financial uncertainty and volatility (Journal of Financial Economics)
Sophisticated and Unsophisticated Runs (Liberty Street Economics, 4 min read)