Blog Posts

‘Risk-adjusted returns’ is a common term used in trading and investing, even to the point of being a buzzword. It’s what every institutional investor strives for in order to add value to their clients. And what every individual trader wants to get more bang for their buck. Risk-adjusted returns normally refers to the idea of […]

Each election cycle, new policymakers are elected and re-elected. Occasionally, every 4-8 years we have a new President of the United States, who is the head of one-third of the US government. US elections are important across several dimensions and have impacts on asset prices. The president has the power to shape foreign policy, appoint […]

Yield curve control has gone from more of an abstraction to a policy that many of the world’s most influential central banks are currently using or considering using. In the US, yield curve control, often known as YCC, hasn’t been employed since World War II. Back then, the very high economic demands of WWII required […]

Elections are always a time when traders and investors think about the implications of the results on their portfolios. However, in general, market participants tend to spend too much time thinking about the outcome and effect on their allocations. Elections create another set of probabilities to deal with and represent opportunity. But timing them and […]

In a previous article, we covered liquid alternative trading/investing, a type of long/short, typically market neutral(-ish) strategy that provides liquid, uncorrelated returns to traditional asset classes. These types of strategies, because of the market neutral character of them, are a good stepping stone into covering a bit on trader psychology. Even despite how much evidence […]

More tech startups are opting for direct listings instead of initial public offerings as the preferred way of going public. In this article, we’ll cover what direct listings are, how they work and why they’re popular among high growth companies, the pros and cons relative to the traditional IPO route, sustainability of this shift, and […]

First, I’ll start with my opinion on bitcoin, then cryptocurrencies in general. Later on in the article, we’ll look at the path forward for cryptocurrencies more broadly. This will include the financial and non-financial uses and applications of crypto assets, and how traders and investors will need to view them as the niche matures beyond […]

The fed funds rate is the base rate that influences many other interest rates, including the cost of debt and equity for businesses as well as the rate of return on cash and rate at which investors can borrow. The effect of lower interest rates on earnings multiples is non-linear. We’ve mentioned in other posts […]

The risk management strategies of Japanese life insurers are slightly different from those of other investment managers given the nature of their business model and low-return realities of their domestic market. Traders and investors can always learn something from other types of investment managers. There are multiple ways and strategies to make money and manage […]

Option values are based on the price of the underlying asset or exchange traded product (ETP). Accordingly, once the underlying asset stops trading, there is no need for options to continue trading. Nonetheless, many underlying ETPs are now being traded in after hours sessions until at least 4:15 PM ET that are open to both […]