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This trader is betting millions on 'false peace'

Christopher Cole's Artemis Capital bets on a reversal during bull markets, offering downside protection by finding creative ways to purchase exposure to financial chaos

"The fact that everyone has been incentivised to be short volatility has set up this reflexive stability - a false peace. But if we have some sort of shock to the system, all these self-reflexive elements reverse in the other direction and become destabilising as opposed to stabilising." - Christopher Cole

LAST Wednesday was another good day to make money on Wall Street: Stocks pushed up, interest rates were at rock bottom and the VIX gauge of investor unease was again trending downward. But as investors celebrated yet another bounce-back from a market slip, Christopher Cole, a trader who runs a...