DeepAlgo Sovereign

By Charles Glah, CFA UK (ASIP), Founder & Chief Product Officer, DeepAlgo Sovereign On October 19, 1987, portfolio insurance strategies did exactly what they were designed to do. They sold as markets fell. And as selling intensified, many strategies using similar dynamic-hedging logic generated further sell signals. By the close of trading, the Dow Jones Industrial Average had fallen 22.6%, the largest single-day percentage decline in its history.

By Charles Glah, ASIP, Founder & Chief Product Officer, DeepAlgo Sovereign In 1847, Ignaz Semmelweis showed that mortality rates in Vienna General Hospital’s maternity ward dropped 90% when doctors washed their hands with chlorinated lime solution between the morgue and the delivery room. The correlation was unambiguous. His colleagues rejected the finding. The reason they rejected it is important. He could show what happened, but he could not explain why.