The people of China are incredibly hard working, intelligent, and industrious. When I say negative things about their economy or markets, I'm not saying they are not capable. I'm saying don't trust the pieces of paper (aka financial system and financial assets) that a
Are you able to explain how the HY short hasn't been bleeding this year? Are you long the spread between HY and IG, or pure short HY? In the latter case, I see that most liquid market HY etfs are up considerably this year.
What do you mean by "don’t short the Chinese people, short the paper"?
The people of China are incredibly hard working, intelligent, and industrious. When I say negative things about their economy or markets, I'm not saying they are not capable. I'm saying don't trust the pieces of paper (aka financial system and financial assets) that a
Are you able to explain how the HY short hasn't been bleeding this year? Are you long the spread between HY and IG, or pure short HY? In the latter case, I see that most liquid market HY etfs are up considerably this year.
Check out my portfolio, any thoughts?
https://open.substack.com/pub/buysidealpha/p/portfolio-update-november-2025?utm_source=share&utm_medium=android&r=69w6c1