ASYMMETRY® Observations are Mike Shell’s observations of investor behavior causing directional price trends, global macro, tactical ETF trading, momentum stock trading, hedging, volatility trading, and risk management that creates asymmetric investment returns. An asymmetric return profile is a risk/reward profile with a positive asymmetry between profit and loss. Mike Shell is the founder of Shell Capital Management, LLC and the portfolio manager of ASYMMETRY® Global Tactical
The Market’s Leverage Trap: When Borrowed Confidence Becomes Forced Selling
Record margin debt isn’t automatically bearish. The asymmetric risk appears when borrowed buying power, a thin cash cushion, and falling collateral values meet at the same time. Read it here.
ASYMMETRY® Observations 