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Rising interest rates, toothless FAANG stocks, domestic and international political uncertainty and tension, Brexit, crude oil – take your pick. The market's got a lot on its mind right now.
You can turn on any cable news channel and watch folks holding forth on these and a handful of other worries.
But what you won't hear about is a heavy and potentially very dangerous factor out there creeping in around the edges.
I'm talking about correlation – and why it could quickly become a nightmare for unprepared investors…
About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.
There's no doubt in my mind you're probably the best in the the biz, you spent a lifetime in trading