A BRAVE NEW WORLD

The 'tourist examines why puts are cheaper in this new era of higher interest rates

Note: the Fitch downgrade delayed the publication of this post, so the prices are reflective of earlier in the week.

Last week, there was a great chart from the folks at Bloomberg being passed around. It showed that the cost to buy a 1-year S&P 500 95% put has not been this cheap since the GFC.