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TME argues tech fear has gone too far.
Peak Tech Vol?
The AI options frenzy may finally be cooling. Nasdaq volatility remains elevated across almost every relative measure, but the options dynamics that kept VXN bid for months are beginning to fade. If that continues, tech volatility could become one of the market’s more interesting mean-reversion trades.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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