Looks like CNBC wants you to know the S&P 500 just hit a new all time high. Time to break out the Dow 30,000 hats and pics of Leo playing the Wolf of Wall Street. But why is this really news anymore. We closed at a record high 62 times in 2017, and the bull […]
We talked a bit ago in our piece “Are Tariffs a Black Swan” about the effect tariffs have had on Soybean prices – causing them to fall about -20% from their levels in the spring, but haven’t had a chance to get back into that debate after Mr. Trump announced a plan to make up […]
The old saying that markets take the stairs up and an elevator down has never been truer.
For starters, he was one of the founders of the NFA, co-founder of clearing firm RCG, two-term chairperson of the CBOT, and had the vision to see the future of the futures industry was electronic trading.