Alternative Links: Is The VIX Being Gamed?

The number of outstanding VIX futures has certainly been rising. Open interest just before the monthly expiration averaged almost 611,000 contracts last year, 44 percent more than in 2016 and more than double the average of 240,000 in the decade before.

Is the VIX Being Gamed? A Sudden Swoon Has Traders Talking Again – (Bloomberg)

 

“Oil prices are becoming increasingly detached from the fundamental data and risk overshooting,”

Crude oil futures rally shakes off bearish EIA forecast on stockdraw – (Platts)

Non-commercial traders in the futures market have a $13.6bn net short position on the yen, according to Commodity Futures Trading Commission data crunched by Goldman Sachs that cover the week to January 2. That is by far the largest bearish bet of any of the major developed market currencies, the bank’s data show.

US dollar extends losses against Japanese yen on BoJ speculation – (FT)

 

Will managed futures provide positive performance in a down market again?

Prepare for the Next Bear Market in Stocks – (Bloomberg View)

 

The challenges with unsupervised AI type approaches are: how do you benchmark it? How do you know if the strategy has run its course? How do you determine whether there are sustainable barriers to arbitrage if you don’t have good tools that allow you to identify when the alpha sources have decayed to the point where they no longer cover trading costs?

Artificial Intelligence and Alternative Investments – (RCM’s Attain Alternatives Blog)

 

The Iowa Department of Agriculture and Land Stewardship is reminding farmers of the January 15 deadline to sign up for an innovative new program providing a $5 per acre premium reduction on their crop insurance in 2018 for farmers who planted cover crops this past fall. Crop Insurance Premium Reduction For Use Of Cover Crops

Crop Insurance Premium Reduction For Use Of Cover Crops – (KIWA)

 

The Canadian dollar is likely to weaken over the coming months, a Reuters poll showed, as the Bank of Canada falls further behind the Federal Reserve on interest rate hikes due to an uncertain outlook for NAFTA and tighter domestic mortgage rules.

Canadian dollar to pull back as BoC waits out NAFTA uncertainty – (Reuters)

 

Citing sources familiar with the matter, Reuters recently reported that Canada was increasingly convinced that President Trump would shortly announce that the U.S. would pull out of NAFTA.

Canada expects Pres. Trump to pull US out of NAFTA – (FX Street)

 

Here we have a case where one group of presidential appointees thwarted the plans of a more prominent but less expert presidential appointee.

What Killed Trump’s Cockamamie Coal Plan – (Bloomberg)

 

Could 1 percent allocation make sense as a diversifier?

Pension Funds Could Trade Bitcoin Futures Now. Why Aren’t They? – (BNA)

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, RCM's own estimates of performance based on account managed by advisors on its books, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.