Weekend Reads: Petrocurrencies

Crude oil’s more than 9 percent surge since Oct. 25 has been mirrored by a 1.3 percent advance in the dollar against major world currencies, widening the pair’s 90-day correlation to the most in almost two years

The Dollar Is Now More Correlated With Oil Than Some Petrocurrencies – (Bloomberg)

 

On Tuesday, when nobody was looking, the state of Wisconsin brought the country a step closer to a constitutional bloodbath unseen since 1789. The Wisconsin state senate voted, 19-14, to join the call for an Article V convention of the states to propose amendments to the federal Constitution.

Sorry, But American Democracy Is Still Edging Closer to Disaster – (Esquire)

 

With roughly 30 days of data from ICE, we found the daily range by subtracting the high minus the low, multiplied that range by 50 to get how much one contract of the index could potentially make/lose each day, and averaged the range to arrive with the FANG+ Index Futures having a range roughly two and a half times the range of the Emini S&P,

Want More Volatlity? Introducing FANG+ Futures – (Attain Alternatives Blog)

 

But in the four months since it began trading on June 1, Quantopian’s traders have lost about 3%, according to people close to the matter. The S&P 500 rose 6.6% in that period.

Steven A. Cohen, Andreessen-Backed DIY Quant Fund Struggles – (WSJ)

 

If you follow our blog closely, you know we have a thing or two or twelve to say about VIX and volatility investing. We even put some of that information together into an easily digestible whitepaper. But that still didn’t cover it all. In light of the VIX and volatility investing hype, here’s every article we’ve written about Volatility and the VIX over the last year:

VIX & Volatility Trading and Investing Resources – (Attain Alternatives Blog)

The US has made it harder for Americans to travel and do business in Cuba, issuing regulations that clamp down on transactions tied to the Cuban military, intelligence and security services.

US tightens sanctions on Cuba’s military – (FT)

 

And after one month of digging, Forbes is confident it has found the answer: That money never existed. It seems clear that Ross lied to us, the latest in an apparent sequence of fibs, exaggerations, omissions, fabrications and whoppers that have been going on with Forbes since 2004.

The Case Of Wilbur Ross’ Phantom $2 Billion – (Forbes)

 

The study found a 0.9% increase in daily card spending per capita in Los Angeles, relative to Phoenix, at the beginning of daylight saving time, and 3.5% decrease at the end of the period. The change in spending is determined by comparing 30 days before the time change to 30 days after.

Daylight-Saving Time May Be Bad for the U.S. Economy – (WSJ)

 

But multiple signals lining up together surely mean this will be a popular trade amongst multi-market systematic trend following programs. Now, if they can just get a repeat (but in reverse) of the 2014 move, we’re likely to see some performance contributions.

Crude Oil is Breaking Out – (RCM’s Attain Alternatives Blog)

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