It is interesting to note that the FTSE 100 has made a new all time high (yet another market doing better than our own). The FTSE presents an interesting lesson in how markets can behave and how long it can take for a market to recover. The FTSE made a new all time highest close…Details
It is that time of the year when everyone involved in this business looks in the rear vision mirror and attempts to make sense of what happened. And of course to everyone involved everything is so obvious and predictable. What is worse is that they take this data and attempt to make some form of…Details
About the only joyous thing about Christmas is that there is a marked slowdown in the amount of junk mail that hits my inbox. And to be honest I do miss the emails telling me that people have the ideal job for or that Svetlana from Kokshetau in Kazakhstan is desperate to send me pictures of…Details
Bloomberg have been busy – click the image below to be taken to the full infographic.
Traders are an odd bunch – we have to be because of the nature of our profession and shock events such as the recent US election tends to amplify this odd behaviour. When we trade equities we all want a rising market, a market that goes up day after day with nary a pullback in…Details
I have been scanning the Financial Conduct Authority Report out of the UK which if you are in need of a good snooze you can read here. One thing did catch my eye and it was the chart below which looks at the profit margin of the funds management industry in the UK. Nice work…Details
That’s because the area’s wealthiest residents, scientists all, work for the quantitative hedge fund Renaissance Technologies, based in nearby East Setauket. They are the creators and overseers of the Medallion Fund—perhaps the world’s greatest moneymaking machine. Medallion is open only to Renaissance’s roughly 300 employees, about 90 of whom are Ph.D.s, as well as a…Details