The Risk-Off trade has taken over bringing the pain to the biggest and most widely held stocks in the market proving, as the legendary Jimmy Cliff sang, “ The harder they come, the harder they fall.” Is this just a grown up bull market pit stop, or a full risk-reversal that could lead to a major resetting of valuations for the stock and crypto markets? Dan Nathan of Risk Reversal helps us navigate the rip tides of this recent swell of volatility. Plus, where is the big money betting on returns in 2026, and what are Wall Street’s year-end price targets?
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