Monthly Chartbook - When It Rains, It Pours [February 2022]

MAR 09, 2022 • 33 Min Read

Jason Pagoulatos + 4 others

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When It Rains, It Pours

Surprisingly, the saying “when it rains, it pours” was first coined by advertising executives at the Morton Salt Company in the early 1900s as they searched for a catchy slogan to sell their new and improved table salt. It was a phrase used to describe the “free-flowing” nature of their new product, which unlike others on the market at that time, wouldn’t clump together (even if it rained, hence the slogan).

Over the years, this expression has taken on a new meaning in our lexicon; unfortunately, it’s also one of the few adages that adequately describe the events that transpired over the last few weeks.

Volatility has been a consistent thread this past month, not just in crypto, but everywhere, with implied volatility across global currencies, equities, rates, and commodities all spiking. On the macro front, we’ve clearly seen a significant transformation over the

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Jason Pagoulatos + 4 others