After what seems like the first sell-off in the last 52 weeks, Tom Sosnoff and Dylan Ratigan have a strong opener to this episode's discussion with engaging discourse on how contrarian traders can capitalize on the opportunities presented by the market's down move today.
Sosnoff makes an interesting point: even though the market was down today, net-net the market is unchanged. Therefore, he makes it clear that he feels there is still opportunity for shorting, especially now that volatility has picked up.
Due to increased volatility, premium is inflated in the Bond market in addition to the Stock market. Therefore, Dylan Ratigan and Tom Sosnoff cover two possible short trades in the Bond market.
Ratigan challenges Sosnoff to consider the obstacles that new active investors face when pursuing investments on their own. The duo discuss the relevant, and one of the most daunting factors, self directed investors face: tax protocols. Sosnoff agrees that the system is, indeed, flawed and that these imperfections drive the average active investor to becoming passive investors.
Additionally, they discuss the lack of trust and integrity in the financial space: the retail investor sees a favoritism towards the larger firms and funds in terms of rates and fees, ultimately making them complacent.
Watch to find out what Tom Sosnoff and Dylan Ratigan propose as viable workarounds!