Coherent weekly chart pack 2023 11 28 Volatility always moves first The conundrum between falling volatility and falling bond & equity indices is resolving itself as per the volatility indication i.e. bullish. This is something well-known to option/volatility traders – volatility always moves first, then the price of the underlying assets. I was slow to...
Coherent weekly chart pack 2023 11 12 “Too many people were far too over their skis on the short side of both equities and bonds” I just loved that turn of phrase, and couldn’t resist repeating it. Balance – on skis and in portfolio management – takes years of practice and continuous hard work. It...
Coherent Weekly Chart Pack – 20231105 The New Abnormal or the Old Normal ? The chief economist from the UK hedge fund business Brevan Howard has been quoted as referring to the end of the Greenspan Put and the beginning of the “new abnormal” – an environment in which high & volatile inflation & interest...
Coherent Weekly Chart Pack – 20231022 The lowlights of the week: The financial asset classes (bonds, equities, property) look like they’re in for a rough period; the only hiding places look like crude oil, gold & bitcoin. Let’s hope the week isn’t too bad.
Managing financial risk in times of crisis: when hedging may not turn out to be a hedge at all… Andy Pfaff, The Fuel Desk [1] Events in early 2020 have led to one of the most precipitous drops in global oil prices ever. As of Tuesday, March the 10th, the price of oil had...
Collective Insight – Diversifying a portfolio through commodities