Episode #5: Cem Karsan

What people don’t realize is the US equity market is $40 trillion, but the amount of flows that move the market is only $50 billion

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The Secret Sauce behind the Market’s Success

Is the market caught in a self-fulfilling upward cycle, driven by a framework that’s dominated by structured products? Option market veteran Cem Karsan of Kai Volatility Advisors thinks so.

This same process, however, is like a stretched rubber band which may be reaching its point of reversal. We’ve seen this before, most notably in early 2018, though today it’s not just a handful of volatility products that are underpinning the market, but a massive surge in the application of alternative investment strategies.

Cem has traded these scenarios with a successful strategy in the past. Tune in to find out how to play the upside, in preparation for the downside.


This month's Lykeion Research publication (coming out in two weeks) will include my follow on thoughts to this discussion with Cem, so make sure to sign up here if you haven't already had a chance to do so.

As a reminder, our Research tier is a monthly publication where Jacob Shapiro and I provide our insights with 5-10 investment themes across the converging worlds of Geopolitics and Macroeconomics, and is the continuation of our work here at Lykeion.

Check it out here.

As always, we'll see you out there...