Behavioral Economics in the Real World

Here’s an interesting discussion on MSNBC regarding behavioral economics and perceptions related to their tax refunds for 2018. Basically, the anchor and his technology correspondent both support and acknowledge that …

Jamie Dimon Likes Straddles

OK, maybe he doesn’t really “like” straddles. But what he does say implies that the market conditions going forward will have characteristics that are conducive to long straddles. Dimon Sees …

This Time is Different?

If you’ve been a member of our Three Easy Factors service (now renamed to Three Pillars), you’ve probably taken notice of the yield curve lately. Well, some people are still …

IPOs

The IPO pipeline is bursting, what with Levi’s and Lyft having gone public, and several other household names on deck. But there was another IPO statistic that caught my eye. …

Declining Liquidity

This article is behind a paywall. But the headline provides the key point: Liquidity of the E-mini S&P 500 futures contracts is shrinking – hit hard after the two volatility shocks …

March Market Madness

What an active March we have had here at Fishback Management! We started the month off with talking about the disposition effect which created quite the chatter in our ODDS …

Volatility Low Everywhere

On Monday the 18th, in our ODDS Community we were posting and talking about how low volatility was everywhere. We also talked about the right strategy for low market volatility …

Good News on the Data Front

Long gone are the days when the exchanges made the bulk of their money from trading. These days, the exchanges make the bulk of their profits from data. And my guess …

Crowding is Back

I recently recorded a video about market fragility and how Dispersion Trading can be an elixir to markets that experience explosive volatility out of nowhere. But what causes that explosive …