Interesting post from the WSJ on how momentum in the first half of the year carries over to the second half when the first half is exceptionally strong. What I … Read More
Copper Plunge Has Me Nervous
Here’s an interesting article about the plunge in copper, and how it might be signaling future economic weakness. Those of you familiar with our simple three factor system know that … Read More
Emerging Markets Are Underperforming Again
Earlier we wrote about emerging markets and how the companies that construct the indexes were going to increase the Chinese component.Now this:“Regulatory filings show that hedge funds in the first … Read More
Are You Unknowingly Betting On China During A Trade War?
This from yesterday’s Wall Street Journal:”Investors are about to buy billions of dollars in mainland Chinese stocks even as trade tensions whipsaw markets.”Two of the largest global index providers, MSCI … Read More
Strange Things Happening in Europe
Two strange things are going on in Europe. As the chart below shows, there has been a big increase in the quantity of government bonds that have a negative yield. … Read More
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 … Read More
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 … Read More
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 … Read More
