Janus Henderson's US-based Multi-Asset Solutions Team present their latest Tail Risk Report, using options market prices to infer expected tail gains and losses for each asset class.

Key takeaways:


  • For the past several months, options markets have sensed a whiff of inflation, even against the backdrop of slowing global growth.
  • Inflation is being felt in the retail sector; the average trip to a leading US retailer today costs 5% more than a year ago.
  • We consider inflation to be one of the more pernicious risks to financial assets, particularly given how late we are in the economic cycle.
Tell Tail Signs 08 2019


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