IVOL News and Press, Quadratic Interest Rate Volatility and Inflation Hedge From 11/15/20

On Monday, the announcement by Pfizer sent markets screaming higher. However, it wasn't like rallies we had seen previously. Instead, it was a fierce rotation from the previous leaders to laggards. Given the more overbought condition, we expect a one- to two-week correction at the beg...

Monday's Pfizer announcement followed pivotal elections by only a few trading sessions - an election I have posited as the most hedged individual event ever. Markets were already in a state of acute instability prior to the news, having been spurred sharply higher by the unwind of hedges ...

I think it's safe to say, last week more than lived up to expectations. We may never see a US election like it again. What is remarkable is how relaxed traders have been throughout. Many expect the central bank to announce further easing measures in December, once the election is reso...

After reducing equity risk in portfolios over the last few weeks, we suggested last week the "selling" was likely overdone. It was quite the reversal. The rally pushed the market back above the 50-dma and lower highs' previous downtrend. Such sets the market up for a retest of all-tim...

We've grown accustomed to the "new normal": Stock market ebullience even as the country suffers through a distressing confluence of hardships. It is deeply disappointing to witness an election where seemingly everyone comes out of the process only further disillusioned. This is a ...

Several subscribers asked for coverage of IVOL. IVOL focuses on treasury inflation-protected securities, some of the lowest-risk assets in the world. The fund also invests in interest rate swaps, which increase in value as long-term interest rates increase, and in periods of heigh...

Income investors are growing increasingly concerned about the risk of higher inflation and rising interest rates that would do serious damage to traditional income portfolio holdings. We evaluate IVOL - a fund that attempts to mitigate the rise in inflation and interest rates. We ...

We implemented investment process refinements to adapt to increased debt, slower growth and the expectation of government stimulus and intervention at the first sign of economic difficulty. In certain cases, shortening the investment time horizon in periods of extreme volatility can l...

Investors have been locked in deep thought over the impact of the U.S. presidential elections, which seems to converge on trying to price in the consequences of a Biden victory. If markets can’t figure out how a Democratic sweep will impact the dollar and bonds, it’s dif...

We're now only a few days from the most pivotal of elections. COVID cases here at home remained highly elevated all summer. And if U.S. infections now follow Europe's trajectory, our nation is facing a dark and challenging winter. The Fed could well be on the cusp of a historic pr...