This webinar is the third in a series exploring how structured products shape market behaviour. In this discussion, SRP and Kai Volatility Advisors focus on mechanical buying, examining how dealer hedging and options flows from structured products influence the S&P 500 and wider markets.
What we cover:
- Q1 2026 structured product activity across the US, Switzerland and Korea
- Why the March 31st V-bottom in the S&P 500 was a positioning story, not a geopolitical one
- How dealer positioning functions as the biggest carry trade in the world
- Why this environment produces stair-steps down and elevators up
- Cem's Crumbs: where risk is building, and why August opex warrants caution