Last night’s Oscar’s ceremony generated its fair share of memes and iconic images. From a tuxedo styled like a leather harness to a cleaned up opening monologue. A notable standout was the empowering speech by Best Actress winner Frances Mc Dormand. She...
The VIX has been top of mind for years . . initially for being boring, latterly for being anything but. We recently saw a chart that showed that the long term average for the Daily VIX between 1990 and 2018 has been 19.35, with a high of 80.86, reached on November...
February has been a bit of a gut punch for markets triggered by strong payroll data in the US, which started a spiral of worry – worry about the economy overheating, worry about rising inflation, worry about rising bond yields (the 10 year today topped 2.9%) and...
It takes some persistence and some sleuthing to detect some wariness in markets these days. However, there was one clue buried in a manager letter that I recently read – it was a single sentence reference to Hyman Minsky and his caution on long periods of...
Words matter. No sooner had Steve Mnuchin, US Treasury Secretary, uttered the words (at Davos this week) “a weaker dollar is good for us as it relates to trade and opportunities” then the US dollar started to slide leaving it -2.6% against a basket of other...
