ContangoMacro's profile picture. DM Rates and FX Analyst. Quant fanboy. Train aficionado.

Tom

@ContangoMacro

DM Rates and FX Analyst. Quant fanboy. Train aficionado.

Excellent read on how XIV should not be worth anything

A thread on the mechanics of XIV:



Could this be the time when investors figure out that -1.0% is not symmetric to +1.0%?


Great chart by @jp__ob showing the correlation between the YTD rally and CTAs (momentum)

Momentum - CTAs vs EUR & MXWO If YTD price action is *driven* by momentum players, we have a problem Low vol (finally) -> high vol...

jp__ob's tweet image. Momentum

- CTAs vs EUR & MXWO

If YTD price action is *driven* by momentum players, we have a problem

Low vol (finally) -> high vol...


Canadian housing has become a Giffen good. "A basic good being something you buy more of as the price goes down and a Giffen good the exact opposite, something you buy more of as the price goes up. " Excellent article.

"Housing bubbles are a curiously repeating phenomenon... and I think what's happening right now in Canada could disrupt the whole property ecosystem," says @HedgeyeFIG on @MacroVoices. app.hedgeye.com/insights/64890…



Everything is awesome!!!


"Fortune favours the bold." -Latin Proverb


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