These were the most read posts on the site this week, in case you missed it:
The Wall Street Journal ran a story sourced by “a person familiar with the matter” wherein a Black Swan fund – which seeks to profit from extreme outlier negative events – has earned a billion dollars for the year, with most of the gain happening during the volatility of last week’s market correction. This is…
We’re in a moment right now where everything that Main Street loves, Wall Street hates:
What I’m reading this morning
Basically the interpretation is that Draghi just left the door open to expand QE
Fun little factoid from my friend Jon Krinsky at MKM Partners about yesterday’s bludgeoning: Among the many extreme breadth readings yesterday was that 499 of the S&P 500 components closed negative. Granted there are now 502 stocks in the S&P 500, but that is still the 2nd highest reading going back to 1996. The only…
when volatility rises lower quality lags behind and that is exactly what happened in August.