A Coup, Exploding Train, and Hurricane Walk into a Bar…
What do you get when you combine unrest in Egypt, an exploding train, and potential hurricane barreling down on the Gulf of Mexico? A $10+ rally in Crude Oil up to its highest levels since the spring of 2012, and really only its third major move above $100 a barrel since crashing from $150 down to $40 or so during the financial crisis in 2008. Crude is definitely on the move…
Weekend Reads
It’s been an extremely busy week for managed futures, Chicago, and the nation. As if anyone could forget, the history of hockey was changed forever when the Chicago Blackhawks defeated the Bruins in Boston, scoring two goals in 17 seconds in the third period Monday night. If you’re still recovering from the parade and rally from Friday, here are some weekends reads to get your brain flowing.
Stock’s Safety Net Disappearing?
Don’t look now, bond investors, but there may be a bit of a sea change happening in how bonds react to falling stock prices (or perhaps, more correctly – how stocks react to falling bond prices). The last five weeks are showing the opposite of the rule, and if that continues, havoc could commence. We plotted out the correlation between the S&P 500 and 30 Year Cash Bonds over the past two years:
Forex is Rigged – Institutional Style
We’ve long held that individuals wanting to put money into forex is akin to put your brain on drugs. The latest example is traders at the world’s largest banks rigging the market to make a profit off their customers. But none of it’s illegal.
Weekend Reads
it hasn’t been the brightest days for stock, commodities, or just about anything else. The Dow Jones had its worse day of the year Thursday, losing almost 2%, and just about every commodity took a beating, the worst was gold. The best that you can do this weekend is to get outside and enjoy the sun if there is any. But if you’re trapped indoors because of rain (like Chicago) here are some weekend reads.
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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