Author: evencio.alvarez14@gmail.com
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Beware The Top Performers
“And, at any point in time, the richest traders are often the worst traders. This, I will call the cross-sectional problem: At a given time in the market, the most successful traders are likely to be those that are best fit to the last cycle. This does not happen too often with dentists or pianists—because…
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Woof Woof – Long Trupanion Inc. (TRUP)
Trupanion Inc. (TRUP) is a momentum play breaking out of a 19-week ascending triangle.
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The 5 Best Books On Economic History For Global Macro Trading & Investing
If your goal is to become a master global macro trader or investor, then you need to become a devout student of economic history. The books below cover various episodes of credit driven speculation throughout history. Studying these instances will show you that humans tend to repeat similar periods of economic delusion time and time…
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What the FED and BOJ Decisions Mean for Markets
No surprises here…Both the Fed and BOJ did exactly what everyone expected them to.
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Expect Higher Correlations And Volatility In This Fed Manipulated Market
We’re trading in some truly interesting times.Check out the index below from Credit Suisse depicting contagion risk across global markets and asset classes. It’s now showing that global markets and assets are at their highest correlation since the index was created.
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Lessons from a Trading Great: Bruce Kovner
Bruce Kovner retired in 2011 from Caxton Associates, the hedge fund he founded and ran for 28 years. Over that time the fund returned an average of 21 percent a year since its inception. In comparison, the SPX averaged just 11%. Kovner had only one losing year (in 94’). Before Caxton, while trading at the…
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Marxist Bubbles And Taleb’s Turkey: It’s Going To Be An Awkward Thanksgiving
Over a third and growing quickly. That’s the share of the market that’s now comprised of blind sheep passive indexers. That much passive money is nothing to sneeze at. Call me old-fashioned, but I was originally led to believe that the function and role of markets in a capitalist society was to direct capital to…
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Bridgewater’s Five Stages of a Sovereign’s Life Cycle
According to Ray Dalio (and we believe this as well) there are four drivers of economic growth: culture, indebtedness, competitiveness, and luck.And the two most positive influences on these growth drivers are [1] the psychological framework that creates people’s desire to work, borrow and consume and [2] war.It’s these different socioeconomic experiences that form long-term…
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Lessons on Trading and Markets from “Adam Smith” And The Money Game
If you’re wondering why “Adam Smith” is in quotations, it’s because the name is the pseudonym adopted by the author who wrote The Money Game, a 1967 market classic. In the author’s own words, the book is about “image and reality and identity and anxiety and money” — everything that makes up markets…Here’s some of…
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Liquidity Crisis? What The New SEC Money Market Fund Regulations Mean For The Financial System
Things could get real interesting in the next few months.On Oct. 17th a new SEC rule finally comes into play that will affect money market funds and liquidity across the financial sphere. There’s potential for some really big moves here.