Investors are Using the Same Tool as ‘The Big Short’ Guys to Hedge ...
According to reports, if you remember the film “the big short” (or, more likely, get served 60-second clips of it regularly on youtube shorts), then you’ll probably remember the term “credit default swap According to reports, ” it’s the tool that michael burry—who, notably, is currently shorting some major tech stocks—and others used to bet against the housing market According to reports, that same tool is becoming a popular hedge against the ai boom, according to a report from the financial times Experts suggest that purchase of these insurance policies has skyrocketed, jumping 90% since the start of september, according to data that ft pulled from the clearinghouse depository trust & clearing corporation This highlights that prior to this fall, the credit default swap market on tech firms sat steady at about $2 billion in volume per month In recent developments, in december, it looks primed to surpass $8 billion According to reports, the credit default swaps have reportedly primarily targeted hyperscalers According to reports, meta has reportedly become a trendy cds target, per ft, as the company has struggled to find its footing in the ai space after lighting money on fire pursuing the metaverse
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