Last weeks’ media chatter about sequestration and the anticipated effects of reduced spending seemed to be overlooking the dollar as it increased against the currencies that make up the US Dollar Index, especially Friday, the first day of implementation. If exchange rates move primarily in response to news that alters expectations about the future economic environment, as theory proposes, then less government spending is good for the economy.
The market had a bit of a reversal on Thursday for what reason I cannot quite figure out.
A quick look at the names active in the pre-market for Monday, March 4.
AB may be accused of watering down its beer, but never the Option Block all stars
In the last four weeks, copper prices have declined over 30 cents dragging prices to their lowest level in 3 and a half months.
That little gem was one of the first things I learned as a market maker. To be more specific, what I learned and what I taught was, as a market maker you make the paper pay for your uncertainty.
A quick look at names active in the pre-market for Friday, March 1
Yesterday, on Bloomberg TV I discussed an iron condor trade on PCLN into earnings.
Monday’s 1.9% decline in equities sparked the largest jump in the VIX since…
There’s certainly some value in knowing the end of that sentence, but unless you’re avoiding all financial media, you’ve probably already read a few variations of that story.
A quick look at the names active in the pre-market for Thursday, February 28, 2013
For months the Yen has traded lower as a number of trend followers have been able to print money on bearish trade right along the side of Central banks. The party may be over as prices appear to be establishing a base in the last 4 weeks.
As Bill Luby reported on his blog VIXandMore. VIX option volume and call volume both set records today. Which leads us to this question? Why?