Boaz Weinstein Recalls Lehman Weekend, ‘London Whale’

The speaker reflects on their career in finance, discussing both successes and challenges, such as the London Whale incident and the 2008 financial crisis. They highlight the impact of unforeseen events like COVID-19 and 9/11 on markets. The speaker also explores current market conditions, focusing on the unusual relationship between high volatility and low credit spreads, and shares their strategic approach to navigating these conditions.

What does the speaker mean by 'Ultra High Vol' and how does it relate to credit spreads?

In what ways does the speaker suggest they are trying to play the relationship between credit and equity volatility?