Charlie McElligott

speaker
507 appearances 2 recordings 1 series first heard Mar 2025 last heard Jul 2025

Charlie McElligott’s voice in public audio — every appearance, attributed to the second.

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Appearances

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Um, you know, not just this market structure that feeds momentum, right, with leveraged ETFs, um, you know, the prevalence of options trading, the tail wagging the dog.
Yeah.
Yeah.
And I don't even know if I can say tailwagg the dog now, I just think it is the dog.
Um, I like that.
That's good.
You know, options are the dog.
Yeah.
Um, you know, those type of real and synthetic gamma effects in the market are, you know, very
high impact and I think at the end of the day, a lot of this is just about career preservation.
Yeah.
And when you've kind of missed badly on a call, people it feels good in them, you know, in the macro space, like I you know, I'm super sensitive to this idea.
You know, you feel smart to make a bear call.
Because it's rare.
Stocks go higher.
Yeah, that's right.
You know, when you run a back test, you know, and back testing I know is like a four letter word, but when you run a back test, you know, this if this happens in contingent on this, and you actually get negative forward returns over a series of average, um, you know, over a real number of sample set, um, you know, it's an outlier.
The problem is like sitting in a negative stance when again goes back to that point, people are not really incentivized to see the world burn, you know, that's gonna be a
tough thing.
So you gotta be dynamic and pragmatic, I think, about these things.
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