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Bitcoin Carnage

The moves in Bitcoin over past days are huge and continue to create big p/l pain among most “fundamental” long crypto players. The main problem with cryptos is…

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US Fed report — cuts cause confusion

As widely expected, the US Fed cut interest rates when it delivered its report to the markets on Wednesday. The new target range is 1.75%–2.0%. The governing committee…

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Hedges (should) Cost Money

We have had some big moves in oil, yields, gold and other assets, but general equity indices have stayed extremely calm. Equity sectors have moved (momentum space, oil…

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No deal Brexit – this is what it looks like

Prime Minister Johnson announces Wednesday that he is to prorogue parliament Limiting time for any possible Brexit extension makes the 31st October Brexit deadline more likely Property prices in…

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