

Everything you need to know about the Trump Tariffs (and generational change in the international trade and financial systems).
Stephen Miran, Trump's nominee to lead the Council of Economic Advisers, has written a very important essay on the remodeling of the...


The Problem with Selective Datasets
The above chart shows annualized forward returns of the SP500 since 1993. It shows that the worst you could have done as a passive...

A Simple System Demonstrates Why Active Management Beats Passive
As previously referenced, a 5-minute ORB strategy is a strategy that allows the trader to bet on a breakout from the opening range during...

The Banana Trade
This is a great post by Macro Ops on the real driving force behind the US Equity Markets. Hint: it's nothing else than Supply and Demand....

The Next Asymmetric Trade in FX?
We like SHORT SWISS FRANC across the board. We have high confidence that the Swiss National Bank (SNB) will intervene in the FX market...

The Critical Regime Change: Our Roadmap
UPDATE on March 17, 2025 The Trump administration has surprised market participants with swift and disruptive actions that aim to...


July 22 '24 Market Update
My unfiltered, very high level note this morning pre-open to those who give a S*: 1. Technicals: Tape remains VERY bullish on higher...


The Analogy between F1 and Portfolio Management
There are two core factors that differentiate high performance racers (managers) from average racers (managers). Simply put: The guy with...

The Inevitable Political Economy Regime and Great Wealth Transfer
Financial repression is a very subtle, political tool implemented through the executive branch of the government to transfer wealth from...

Will the Short Volatility Trade Blow up (again)?
Why then did we bother to hold positions that paid out massively in the event of the collapse in these instruments and why in the size...