Weekend Reads
Another round of not-so-great, but not-so-bad economic news later, and stocks’ slow crawl upward continues. Volatility certainly came roaring back for grain markets, but the wait for higher volatility elsewhere continues. For now, spring weather has finally arrived (for those of us in Chicago, at least) so we’ll be enjoying the sunshine this weekend, along with our weekend reads.
Looking for Volatility? Try USDA Grain Reports
So you want to trade the grain markets? Better be on the right side on grain report day – today’s report brought the most volatility we’ve seen in quite a while on a report day. And it also served as a good reminder of why so many discretionary CTAs make their names in the grain markets.
HFT’s Biggest Foe? The Laws of Physics
We’re not exactly huge fans of high-frequency trading, mostly because of the worry that regulators will cause more harm than good with new laws to curb the practice. But even without new laws from Washington, HFT is already in danger of running up against much tougher laws: the laws of physics.
What about Peak Oil Demand?
The natural gas revolution has been busily disrupting energy markets (and also transforming North Dakota’s economy and lighting up the state so much it’s actually visible from space). Now, a report from Citigroup analysts predicts that the rapidly expanding natural gas industry will upend a long-running prediction about the future of oil.
Newsletter: Options Trading – What You Need to Know
Our newsletter this week is taking a closer look at a love story that had seemed finished a while ago. But this relationship has been building back up for several years now: the “on again, off again” investor love affair with option selling programs. But are investors just setting themselves up to be burned again?
Disclaimers
Managed futures, commodity trading, forex trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. You should not rely on any of the information as a substitute for the exercise of your own skill and judgment in making such a decision on the appropriateness of such investments.
The entries on this blog are intended to further subscribers understanding, education, and – at times – enjoyment of the world of alternative investments. Unless distinctly noted otherwise, the data and graphs included herein are intended to be mere examples and exhibits of the topic discussed, are for educational and illustrative purposes only, and do not represent trading in actual accounts. Opinions expressed are that of the author.
The mention of specific asset class performance (i.e. +3.2%, -4.6%) is based on the noted source index (i.e. Newedge CTA Index, S&P 500 Index, etc.), and investors should take care to understand that any 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.
The performance data for various Commodity Trading Advisor (“CTA”) and Commodity Pools are compiled from various sources, including Barclay Hedge, 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.
The mention of general asset class performance (i.e. managed futures did well, stocks were down, bonds were up) is based on RCM’s direct experience in those asset classes, estimates of performance of dozens of CTAs followed by RCM, and averaging of various indices designed to track said asset classes.
The mention of market based performance (i.e. Corn was up 5% today) reflects all available information as of the time and date of the publication.
The owner of this blog, RCM Alternatives, may receive various forms of compensation from certain investment managers highlighted and/or mentioned within the blog, including but not limited to retaining: a portion of trade commissions, a portion of the fees charged to investors by the investment managers, a portion of the fees for operating a fund for the investment managers via affiliate Attain Portfolio Advisors, or via direct payment for marketing services.
Managed Futures Disclaimer:
Past Performance is Not Necessarily Indicative of Future Results. The regulations of the CFTC require that prospective clients of a managed futures program (CTA) receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client’s commodity interest trading and that certain risk factors be highlighted. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA.
See the full terms of use and risk disclaimer here.
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