Violent Reflexivity: Why Market Movements Are More Aggressive Than Ever, Feat. Corey Hoffstein
Corey Hoffstein is the founder and Chief Investment Officer of Newfound Research LLC, a quantitative research and investment fund. He is also the host of the “” podcast. His most recent research is In it, he examines three popular...
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Show Notes
Corey Hoffstein is the founder and Chief Investment Officer of Newfound Research LLC, a quantitative research and investment fund. He is also the host of the “Flirting with Models” podcast.
His most recent research is “Liquidity Cascades: The Coordinated Risk of Uncoordinated Market Participants.”
In it, he examines three popular narratives about what is driving radical swings in markets, including:
- The increased role of the Fed
- The rise of passive and index investing
- The growth of volatility-correlated strategies
He finds that, individually, none could explain the radical market shifts we’ve seen. However, when combined, they create a market incentive loop that is causing markets to move and react to exogenous shocks more quickly and aggressively than ever before.
Find our guest online:
Twitter: @choffstein
Website: Newfound Research