Cauchy transforms and Szegő projections in dual Hardy spaces: inequalities and Möbius invariance

Dual pairs of interior and exterior Hardy spaces associated to a simple closed Lipschitz planar curve are considered, leading to a M\"obius invariant function bounding the norm of the Cauchy transform $\bf{C}$ from below. This function is shown to satisfy strong rigidity properties and is closely connected via the Berezin transform to the square of the Kerzman-Stein operator. Explicit example calculations are presented. For ellipses, a new asymptotically sharp lower bound on the norm of $\bf{C}$ is produced.