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 …

Something Missing?

If you’re into probability — that would be anyone who has ODDS in their name like I do — this is a thought-provoking chart from a Bloomberg article this morning. …

Does Momentum Still Work?

A couple of articles on momentum: This one about Blackrock and how it is sticking with momentum. This one is an academic paper about various anomalies, including momentum, that finds …

Outcome Bias

I want everyone to read this article by Joe Wiggins. As an investing instructor for over 20 years, I’ve been uniquely positioned to witness the effect of outcome bias. In …

Volatility of Volatility, ongoing

Don recently posted about the Volatility of Volatility here. I wanted you to see the chart of just how low VVIX is. We have an ongoing discussion about this in …

Volatility of Volatility

Here’s an interesting post about volatility of volatility. Volatility of Volatility as an Edge I’ve done some research myself on the subject and can confirm the results, which appear to …

Underdogs Win

With the Super Bowl being the largest betting event in the US, this seems appropriate. You’ll love having these hated stocks in your portfolio Trading is like betting against the …