Anti-AI with Seth Cogswell. Live 2 PM ET. 1 CFP CE Credit.
Starting in 30 minutes.
Anti-AI with Seth Cogswell of Running Oak Capital.
Efficient Growth: 88% downside capture, 92% upside capture (Sept 2013 - June 2026).
Live 2:00 PM ET. 1 CFP CE Credit.
Live at 2 PM ET. Efficient Growth is trading like the involuntary Anti-AI portfolio. Factor dispersion at a decade-plus high. 1 CFP CE Credit.
Tomorrow at 2 PM ET. Seth Cogswell of Running Oak Capital on the Anti-AI trade, the Grand Illusion, and factor dispersion at a decade-plus high. 1 CFP CE Credit.
Live tomorrow with Seth Cogswell, Running Oak Capital. Factor dispersion is at a decade-plus wide. Twenty of the last 38 trading days saw 110bps+ differentials. High Vol is beating Low Vol 131% to 12%. This is not a thesis. It is what the market is already doing.
Standing Repo Facility takeup hit $31.5 billion on December 31, 2025. SOFR traded above IORB on 31 days in Q4 alone. The relief did not come from the backstop. The Fed stopped runoff December 1 and began buying $40 billion of bills a month December 12. Read the sequence, not the label.
