King Kong Lives

Long time readers will know this story, but when I went through the (JPM) Chase two-week trading simulation, I just crushed it.  I had been playing strategy games and video games all my life.  So [...]

By | February 4th, 2018|Categories: Economy|

A Caveman’s View of Bitcoin

I’m not claiming to be any kind of Bitcoin expert.  I don’t know much… after all, I’ve been trapped in a block of ice all these years[1].  In particular, I have no idea how Bitcoin [...]

By | January 28th, 2018|Categories: Economy, Featured|

Large Volumes, Part II

I generally don’t like writing about the same topic on consecutive weeks, but in this case, I have to make an exception.  Consider how much the Open Interest has increased in the Z contracts since [...]

By | January 21st, 2018|Categories: Positioning|

Large Volumes, Part I

I’m a big believer in adjusting to what the markets give you.  One of the ways we may get some relative value trading opportunities is when we see large flows that distort the curve.  The [...]

By | January 14th, 2018|Categories: Positioning|

Fed Hikes

For the New Year, let’s go back to the basics and see what the markets are pricing in for the FOMC in 2018.  The most common refrain I hear is “three hikes in 2018.”  I [...]

By | January 7th, 2018|Categories: FOMC|

A Sheep’s View of Fiscal Stimulus Effects

I (re)heard a good trading quote the other day… “Ever wonder why fund managers can't beat the S&P 500? 'Cause they're sheep -- and the sheep get slaughtered.”  The line is by Gordon Gekko, from [...]

By | December 31st, 2017|Categories: Economy|