Business

2014 and early 2015 was a great time for Nehal Chopra, recently named an Institutional Investor Rising Star, the former Tiger Seed's hedge fund Tiger Ratan Capital Management had received a $25 million investment in 2011 from investing legend Julian Robertson himself (subsequently the amount grew to $100 million) and after a series of impressive annual returns, including three straight blockbuster years, gaining 26.3% in 2012, 46.8% in 2013 and 22.3% in 2014, she was running a whopping $1.4 billion by June 2015.

The financial press would not stop fawning over Chopra.

The much anticipated March FOMC minutes were released today, and the minutes concluded exactly what I predicted in my last post titled "Is the Fed Trying to stop a "Market" that has gotten ahead of itself". In it I said that the only reason they were raising rates unexpectedly is because they are trying to slow the bubble from getting any bigger. The minutes confirmed that the February 'out of nowhere talk' of a rate hike, which led to a March rate hike, was all due to stocks and many other assets classes being a bubble.

Authored by Brendan Brown via MisesInstitute,

Following weeks of utter comaplcency, there are signs that investors are beginning to hedge for potential U.S. stock swings around France’s presidential ballot.

As Bloomberg writes, futures on the CBOE Volatility Index
expiring in the next month are now trading around the same level as
contracts maturing a month later.

In fact the VIX term structure briefly inverted on Monday...

Was today the Yellen Fed's Irrational Exuberance moment?