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
Interesting to note the number of times the S&P 500 has a had a gap reversal out of a downtrend in recent times.
I was going to post the chart below as candidate for the most boring chart of the year alongside the USD/CHF but a wee bit can happen in 24 hours. The S&P 500 has had no net effective gain since 06/2015 which does make it a long time between drinks for long equity traders. When I…Details