Owen Lamont highlights that while August represents a time for summer relaxation for many, it is a period of heightened panic in the financial markets. He identifies a historical trend where significant financial crises tend to occur from August to October. This period is marked by reduced trading volumes and heightened anxiety among equity managers. Lamont cites the quant crash of August 2007 as an example of the dangers that can arise during this time, emphasizing that the potential for disaster is a recurring theme in financial history.
Owen Lamont identified a pattern where market crashes cluster during August to October, often referred to as 'panic season' in financial markets.
Lamont recalls the quant quake of August 2007, a time when analysts were haunted by screens full of glowing red numbers, knowing the risks of the month.
The summer months are fraught with danger for quant equities managers, who tend to experience heightened anxiety during August and September due to historical market crashes.
Despite the relaxing beach vibe for normal people, for financial markets, August signals a troubling period, as liquidity is low with many traders absent.
Collection
[
|
...
]