THE LATEST | CANADAFinancial Times: Confronted with such febrile markets, stockpicking has become a matter of “avoiding implosions”, said Mike O’Rourke at Jones Trading.
Investors are embracing so-called dispersion trades, which involve buying single-stock volatility while selling index volatility to profit from the gap between the S&P 500’s relatively subdued daily moves and large price swings for individual companies…