Cem Karsan on Regime Change and Strategies to Navigate an Inflationary Decade

Nov 1, 2022

It was our great pleasure to welcome back Cem Karsan (also known as @jam_croissant on Twitter), Founder and Sr. Managing Partner at Kai Volatility Advisors. This deeply insightful conversation included topics such as:

• A recap of the last few months in equity markets
• Volume-weighted time and why seasonality matters more than most people know
• The acceleration of gamma, vanna and charm – a dangerous time to be short equities
• Dealer positioning as a major gravitational force in markets, often overlooked
• The ‘game of chicken’ played between speculators, hedgers and market makers
• Less ‘put hedging’ begets the currently very low skew observed
• Why the first and last two weeks of a year are so important
• The large impact of retail speculative activity and challenges to market makers
• Households still sitting on very large excess savings, which is often making its way into equity markets
• Buy the dip – investors’ conditioning over the last 40 years
• The risk of another lost decade for equity investors
• Millennials vs Boomers – a generational tussle
• Why the American dream has become increasingly unattainable to most
• And much more

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.

 

*ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc. is a registered person with the Cayman Islands Monetary Authority.