Latest: Epstein Deep Dive
PremiumWhat If Powell Takes 'Insurance Cuts' Off The Table Tomorrow? Goldman Trader Sees Opportunity In Credit
This article is so good
it's for premium members only.
Does that sound like you?
Already a member? Sign in.
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
If you're worried that Fed Chair Jay Powell will take so-called 'insurance cuts' off the table tomorrow (amid a worsening growth outlook for the economy), Louis Miller - the architect of Goldman Sachs' US basket business - sees a trade opportunity in the most credit-sensitive stocks.
Miller believes a basket of the equity names included in the latest CDX HY credit derivative index - GSCBHYEQ - is a good one to consider on the short side.
Specifically, it’s at a local high relative to IWM, and Miller feels these names are next to get hurt if a high rates world with slower growth continues.
