Not traded for a bit. Some small trades:

• bought TLT put. Too scared to sell UB fut.
• sold NVDA call. Made some cash from an expiring short call.
• bought some TSLA CFD
• bought some HCC. Want to be long some equity.
• bought an HG fut, sold some calls, to hedge …

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Another serious commentator sees inflation clouds on the horizon

Vincent Deulard is a very interesting commentator. Without the inimitable Kevin Muir & Patrick Ceresna, I would never have encountered this witty and thoughtful Frenchman.

Deluard believes that it’s different this time. That the demographic challenges facing the Boomers mean that …

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Wolfstreet and Druck

Today, I read this article, from Wolf Richer’s blog. I think that Druck had previously said how grateful we should be for all these high-tech companies providing valuable services to us below cost (or, maybe in the case of Amazon, barely above cost). Well, yes, these …

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Who will pay?

We seem to be returning to the 30s. But this time populist governments are desperate to keep voters on board. So they have no option but to cushion unemployment. The big debate of the 30s was whether this would put off the evil day when the economy …

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Bull and Bear, Immovable Object meets Irresistible Force. Which will win out?

Charlie Bilello is one of the many great commentators who collate data and give analysis to us for free. He has collected together some recent data which shows just how enormous the C-19 disruption has been over the …

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Some people when confronted with a problem think “I know, I’ll use options.” Now they have two problems.

(The above title is adapted from the Regular Expressions sub on reddit.)

Well, we have some incredible numbers for unemployment. Any regression model trying to fit this charg is going to …

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Markets are hard to read

Today’s FT (C&F): Peter Oppenheimer of Goldman Sachs says that event-driven bear markets are soon over, so don’t worry, chaps, everything will be fine from now on, especially for Big Tech. However, maybe governments will have no option but to start taxing …

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The Fed goes where other CBs fear to tread

I stole the title of this post from Robin Wigglesworth’s “The Fed’s Vietnam moment” published today. He, in turn stole it from Alan Ruskin of Deutsche Bank (with acknowledgment). It argues that the Fed may be getting in too …

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My Day

Books I’m reading

I try to write a few paragraphs about every book I’ve read in Goodreads. My review can all be found here.
You can see all the books I’ve added here. In nearly every case, I have a copy of the book, either …

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This is a note for me, to remember how to create a new entry.

I had to fiddle a bit with Pelican to make it work OK on Windows and to allow me to use a custom domain on github. You can see the full gory details at https://github …

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