As a trader, I can understand the appeal of a tidy little saying. -Seeing things too soon is as bad as seeing things too late. -“A sure thing” is a dangerous thing. -The foolishness of …
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Volatility markets are starting to rise in lockstep across asset classes. The commodity markets were the first to see increased volatility this spring, followed by the currency markets in the past couple weeks, and then …
Continue readingAfter dominating headlines for 3 years, Europe has taken a back seat in 2013, with little news from the European periphery we all used to hear so much about. But Europe is still 1/3 of …
Continue readingI am very wary to use the word “unprecedented” when describing financial markets. Because no matter how much we’d like to believe that our experiences are unique to our special selves, there are almost always …
Continue readingThe overnight headlines are dominated by Japan’s equity markets’ massive reversal. Here is the 30 day chart of the Nikkei for a sense of the saying, “escalator up, elevator down”: I drew the red line …
Continue readingVolatility in all asset classes has ticked up in the past week, but the real movement has been outside of the stock world. I discussed in yesterday’s VIX Snapshot some potential reasons why equity volatility …
Continue readingI have never traded a single share of Japanese stocks. My knowledge in the stock market there is as an interested financial market observer, but with no illusions about my significant deficiency in assessing Japanese …
Continue readingI mentioned in my wrap on Friday that the dollar was close to a long-term breakout. I’m writing about the dollar again because I think we are close to a seismic shift. After more than …
Continue readingWhile the 3 month volatility in the SPX has been solidly below its 52 week average for all of 2013, the volatility metrics for the other global indices have popped higher on occasion this year. …
Continue readingWith the SPX making a new all-time high today, how has the vol market reacted in the past week? Equity implied volatility is back near the 52 week lows in the U.S., while global equity …
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