One day history will be written surrounding the pandemic and the financial markets, for now, the story is still unfolding. A recent Wall Street Journal article reminded me that not all is rosy despite the all-time highs in the markets today. Many of those affected by the pandemic have given up getting rich in the markets and Read More
View from Crystal Bay: Reflections of a Systematic Trader
Financial markets operate on the edge of chaos. If prices moved in easily predictable patterns, traders would make money by jumping in front of them. But that would disrupt the pattern, making it useless for prediction. On the other hand, if financial markets were pure noise, there would be no point in investing. Asset prices Read More
From the Trading Desk: New All-Time Market Highs
To recap my previous post, the NASDAQ composite has recovered most of its gains from its recent selloff and is approaching all-time-high prices as tech stocks have recovered momentum. The S&P 500 (SPX) Index reached record levels last week as investors look with optimism toward an accelerating economic recovery. NASDAQ Index – (2 Year Chart) Read More
View from Crystal Bay: China’s Impact on Commodity Markets
China’s economy has a major impact on commodity markets and China’s leaders are not afraid to throw their weight around. Right now, we’re witnessing an attempt by China to slow down the rise in commodity prices. Chinese factory price index, released on April 8th, grew by 4.4% year-on-year, well ahead of economists’ estimates of a Read More
View from Crystal Bay: COVID Bingo: Vaccination Roll Out
As the new case counts decline and vaccination numbers march forward in the United States, we can see the end of the coronavirus pandemic on the horizon, at least domestically. A few other countries are also doing well, led by Israel, Seychelles, United Arab Emirates, Bhutan, Chile, the United Kingdom, Serbia, and Hungary. (As an Read More