Trading News

In a previous article, we covered how a US dollar devaluation would impact various asset classes. Here, we’re going to discuss how a devaluation in the yuan (also known as the renminbi, CNY, or RMB) would influence asset prices. Since currency movements are always in relation to each other, we’ll discuss a yuan devaluation as […]

Where is each index starting the year? We’ll take a look below across stocks, bond yields, currencies, commodities, and crypto.   US Equity Indexes S&P 500 – 6,850NASDAQ Composite – 23,235Dow Jones Industrial Average – 48,382Russell 2000 – 2,208 International Equity Indexes FTSE 100 – 9,923DAX – 24,527CAC 40 – 8,145Euro Stoxx 50 – 5,850Nikkei […]

Correlation measures how two assets move in relation to each other. A negative correlation means that as one asset’s value increases, the other tends to decrease. This relationship is key for portfolio diversification. Investors seek negatively correlated assets or returns stream to balance their portfolios and manage risk. Not all negative correlations are equal; the […]

Market microstructure is a specialized area within finance that explains how assets are exchanged in markets. Though buying and selling in financial markets seems simple (there’s a buyer and a seller and they connect when bid/ask match), it’s actually a very deep topic. We’re not talking about more overarching strategies like value, macro, and so […]

Deciding whether to hire a financial advisor is an important decision that can significantly impact your financial future. With many factors to consider, from the benefits of hiring an expert to the potential costs and alternatives, this guide will help you make an informed choice. We’ll look into the advantages and disadvantages of hiring a […]

After over 60,000 hours in the markets, this is what I’ve learned. These reflections are just my own perspective. There are many viable ways of doing things. They’re not definitive answers, but observations you may find useful as you develop/refine your own approach. Take what resonates, question what doesn’t, and remember that the ultimate test […]

SOFR is a benchmark interest rate that’s pervasively used to set rates for various types of financial transactions. We look at SOFR, how its traded, how lending is based off this rate, and more about its use.   Key Takeaways – SOFR SOFR is a wholesale interest rate benchmark referencing overnight borrowing secured by US […]

There are now thousands of different ETFs, with many of them providing different exposures to various parts of the market. The main drawback, however, is that most of these ETFs are naturally equity funds. And even if you’re in different sectors – e.g., tech ETF, consumer staples ETF, healthcare ETF – you know that stocks […]

Section 899 is a proposed US tax provision designed as a retaliatory tax mechanism against countries that impose what the US considers discriminatory taxes on American firms. It especially targets digital services taxes (DSTs) and certain global minimum tax regimes. Section 899 is potentially a big deal and is being studied by institutional investors because […]

A tokenized money fund is a traditional money market fund (MMF) whose shares exist as digital tokens on a blockchain.  Each token is a claim on the underlying assets of the fund, which are typically short-term, low-risk instruments. The economic exposure itself is much like a traditional MMF. The ownership record and transfer themselves occur […]