The scepter of inflation is haunting the land. It remains to be seen whether it’s only Casper the Ghost, good for scaring small children, or whether we’re dealing with a full blown Poltergeist. We will have our answer soon enough. But it’s not too early to ask ourselves what should we do if relevant authorities Read More
Posts by Jakub Rehor - Portfolio Manager
View From Crystal Bay: The Death of US Single Stock Futures
The coronavirus pandemic finished off floor trading at venerable institutions like the CME, CBOE, and the LME. I wrote about this topic recently. There was another venue that quietly shut down last year. OneChicago, the US platform for trading single stock futures, closed its doors on September 18, 2020. Single stock futures are a wonderful Read More
View From Crystal Bay: Too Late or Just in Time
After a heady nine months in the commodities space, investors are starting to ask whether the boom is over. Have we missed it? Is there still time to jump on the bandwagon? Fear not, we haven’t even started yet. A quick look at the chart of the Bloomberg Commodity Index puts the recent past into Read More
Recommended Reading for Aspiring Traders
People who want to become quant investors or traders often ask for advice on how to start. I began my learning journey ten years ago and now I have some opinions on the matter. It is easy to put together a monster list of dozens of books but that kind of advice is counterproductive, more Read More
View from Crystal Bay: Lumber Prices Keep on Growing
Lumber prices have soared in the last 12 months to levels never seen before. Lumber traded between $200 and $400 for 25 years, from 1990 to 2015. There was a brief spike to $600 in 2018, but the price quickly returned to $400. The last 18 months have been wild. As the pandemic kept people Read More