Many countries around the globe continue to face another deadly wave of Covid-19. India, Thailand, Brazil, and others are still struggling as more restrictions are being placed on the population to fight the pandemic. Some European countries are starting to lift restrictions as vaccination numbers are increasing and new cases are beginning to fall. In Read More
View from Crystal Bay: A New Version of Tax, Inflation
A few countries in the world, mostly in continental Europe and Latin America, are collecting wealth taxes from their residents. A wealth tax is an annual charge, ranging from 0.5% to 3%, on net worth (assets minus liabilities). Wealth taxes are controversial, often leading to an exodus of the most talented and wealthiest residents (such Read More
Leverage the Process
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