Just a few ones.... I have focused quite a bit on the US equity market in previous posts, since it has been the lone World leader since 2008. It remains the leader, in relative terms. The US equity mkt has been the excess liquidity recipient. However, the derivatives mkt is...
Market structure is an important driver of the price action. We all agree that excess liquidity is an important item but we need to understand better its impacts. I deeply believe that we are in a derivative bubble where cash price action has mainly become a derivative of the...
Link to above video Let's say you are in orbit looking at earth. Looks great but you do not have much clues about how frantic things can be down. Most have already seen Candle Charts. I like the because they give a clear view of the price fluctuation during the selected...
In "Something seems to have changed" , I highlight the "commodity like behaviour" the S&P 500 index seems to have "adopted". Among the many charts I follow, here is one which shows the relationship between the SKEW index and the Equity PUT/CALL ratio. The SKEW index is a measure of potential risk...
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Dave Portnoy was playing Scrabble to buy stock. If I were to select two letters... I would select "E" & "X". I think that "Excesses" is the word which best defines 2020. Is this the "new normal"?
Nine years ago (august 2011), the Swiss National Bank (SNB) abandoned its EURCHF peg policy! Currency volatility hit extremes at the time but it marks an important regime change which has led to a constant over performance of the US stock market. Today the SNB holds an investment portfolio...
We just need to keep a close eye on this! The oustanding stock matters but what matters more is the ongoing change in the stock. Does something need to happen to keep this going?
