The weather outside was frightful for some of the US markets in December. As risks of recession loomed, equities and bond prices fell in tandem (again). Volatility increased modestly providing a meager meal long volatility strategies. A milder European winter (so far) helped energy prices mostly decline through the month, especially natural gas. The USD […]
Commodities for the Win! There it was. The final buzzer of the game as 2022 comes to an end. But it was a bit of a bore of a game overall, with the scoreboard at the end of the year looking a lot like it did throughout the year, with Commodities and Managed Futures leading […]
November came with a bang. The election, a Twitter takeover, Putin doubling down in Ukraine, and China’s covid problems created plenty of volatility. Equities and bond prices continued their correlation as the market priced in some sort of easing from the Fed, and the USD followed suit. Commodities were a mixed bag, with metals finally […]
Despite the market being down substantially this year, bouncing around inside of bear market territory, it’s been a bit of a challenging year for long-vol traders. Simply put, the Vol spikes we’ve become accustomed to getting with a down market haven’t materialized as much. While the retracement of vol on bounces higher in stocks has remained. it’s hard not […]
Ok, If you haven’t been watching Twitter go crazy over ChatGPT the past few days, you’re missing out. Here’s a nice piece explaining some of the cool stuff we’ve seen just in a few days since it was released: 🤖 Here’s a little overview of all the crazy stuff I’m seeing with the new ChatGPT. […]
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