XXV News and Press, Barclays Bank PLC From 01/24/20

We're honestly not totally sure if we'll ever stop talking about the VIX. We correctly guessed (not that hard) the VIX was going to be a big part of the 2019 conversation, and we're back 365 days later in our Managed Futures Outlook 2020 talking about it again: … did anything reall...

Remember when I wrote Where Money Goes to Die ? Well, short volatility products cratered, but cryptocurrencies trod water, with a lot of volatility. I am telling you today to avoid short volatility products again. This seems to be a case where people don't learn. Why? Because there is seemi...

The bullish trend in the stock market has been roaring higher since the past significant prolonged correction that followed the 2008 global financial crisis. Stocks began to decline in late 2007 and did not reach rock bottom until early 2019. The rise to the upside has included a few speed bum...

Selling Volatility More Profitable Post Financial Crisis The purpose of this article is to reiterate that selling volatility remains profitable post financial crisis (but should not be implemented through the Iron Condor strategy). In a recent paper titled Is Selling Options Still Wort...

The long VIX ETF charts have been strictly "down and to the right" ever since the markets pulled out of their late-2018 panic. More news on: iPath S&P 500 VIX Short-Term Futures ETN, VelocityShares Daily 2x VIX Short-Term ETN, ProShares Ultra VIX Short-Term Futures ETF, Stocks on the m...

The final quarter of 2019 was the polar opposite of the same period in 2018. Rising interest rates in the US in late 2018 led to a significant correction that took the stock market appreciably lower between late September and the end of the year. Stocks hit the lowest level since early 2017 in...

It's been a good deal of fun watching our clients' account values go up and up these last few months. Why is the market rallying week after week? The problems in the repo market approaching year end have the Federal Reserve back in the Quantitative Easing business. If terms like repo and QE ha...

With only weeks to go in 2019, the final quarter of this year has been a welcome change from the same time in 2018 for investors in the stock market. Last year at this time, stocks focused on the hawkish Fed that hiked short-term interest rates four times for a total of a full percentage point...

In 2005, the IPO of the Intercontinental Exchange ( ICE ) experienced incredible demand. The company virtually doubled the IPO price to $24 to $26 per share and increased the size of the offering to 16 from 10 million shares based on demand. In 2016, ICE shares split five for one. Many stock...

During the final quarter of 2018, the price action in the stock market was downright ugly. Rising interest rates in the US caused a substantial correction that took the E-Mini S&P 500 futures contract over 21% lower. The selling began at the very start of October and did not end until the ...