Well, it’s been one hell of a week. We started on a sugar high thanks
Category: volatility
Here Comes The Next “Tantrum”
I’m always warning about VaR shocks. More specifically, I like to remind investors that in
“Buridan’s Ass, Meet Scylla And Charybdis”
As I noted earlier on Friday, this week provided nothing in the way of clarity
Good News: Hedge Funds Might Have A Chance To Beat Benchmarks In 2017
So what does any of this mean for average investors? Well, intuitively, it means there’s a chance for you to go out and find yourself some alpha by returning to your roots as an expert stock picker (boy, this post is just dripping with sarcasm).
“Tortured Traders” And Uncertainty: One Trader Weighs In On Spooked Markets
“Yesterday, NY Fed President Dudley said it was very unusual to see stocks rising when there’s so much uncertainty. True, but they’re getting a lot of help on the regulatory and tax side. But there’s no evidence in other markets that everyone has a clear vision of the path ahead.”
One Trader Warns On Market Myopia: “I’ll Make The Money, You Manage The Risk”
Ok, it’s just getting comical now. Everyone is saying what I’ve been saying for months
The Mystery Of The Short Short VIX Trade
I’ve talked a ton about volatility (or, more appropriately, an acute lack therefore) in these
I Like My Term Structures Kinky
I’ve talked quite a bit about how the US equity market is grossly mispricing political
Chart Check (A Subtle Reminder As The VIX Slumbers)
Late cycle problems…
Chart Check (A “Shiny” & “Uncertain” Triple Feature)
“Ok, now let us wave something shiny in front of you monkeys!”
Chart Check (“Gold”en Opportunity)
You know when you think about it, it probably makes sense to go long gold
Chart Check (History Is Not On My Side)
I’m going down with the ship: “this time is different.”
Chart Check (“Not Again Please”)
Stocks have become completely disconnected from rates and FX in terms of vol. That’s a dangerous thing because it only corrects in one of two ways: 1) rates and FX vol subside, or 2) equity vol rises. When if equity vol rises, your stocks will likely get hit.
Chart Check (“There Are Only Two Ways This Corrects Itself”)
There are only two ways that this corrects itself and one of them is bad for your stocks…
Chart Check (Remain Calm)
Nothing to see here…
Chart Check (Contrarian Indicator Double Feature)
Overly optimistic?
Chart Check: Peak Complacency?
Going global…
This Is Your Brain On Cross-Asset Correlations
If you’re a regular reader (and let’s face it, why wouldn’t you be?) you know I talk quite a bit about cross-asset correlations and volatility…
He Pulled A Fonzie. He Jumped The Shark
“It ‘seems’ that the discombobulated implementation of Trump’s immigration orders has ‘furthered’ the market concerns”…
One Bank Tells You How To Hedge Downside Equity Risk
But Monday felt anything but “healthy.” There was nothing cathartic about it.
Too Much Of A Bad Thing?
Ok, so Monday was the worst day of the year for stocks. That would seem to
“The Door Is Open To Surprises”: One Bank Warns On VaR Shock Potential
Late Friday evening, I noted that specs trimmed their record net short in Treasurys in
Chart Check (Bullish Double Feature)
Remember “irrational exuberance”?
Chart Check (Subtle Reminder)
The chart everyone is sick of seeing…
Chart Check (Getting “Kinky”)
“No Trump bump”…
Warning: Currencies Will “Remain Volatile”
Regular readers will recall that if you’re in equities, one of your main concerns going
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