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Andy Constan: Update shows loss on SPX and NDX puts, gains in bonds

Andy Constan: Update shows loss on SPX and NDX puts, gains in bonds
Losses on SPX, NDX puts, bond gains

Andy Constan, founder and strategist at Damped Spring Macro, provides an update on current investment positions. Constan reports being "dead wrong" on SPX and NDX puts, noting that 4% of assets under management were used to buy these puts expiring in June and September, which are now valued at 1.4%—with June puts now worthless and September declining. He adds that bond positions are currently profitable and overall portfolio risk is very low.

Constan has previously discussed how asset price rallies are linked with declines in savings rates. He has also highlighted that U.S. national debt grew from $1 trillion to $39 trillion over 46 years. These observations reflect his ongoing focus on macroeconomic trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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