Written Sources


Here is a list of my favorite sources for written content:



























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You Can't Bring Me Down

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  Financial markets never cease to amaze me. We’ve seen a company most of us heard of before a couple of weeks ago threatening to bring the whole system down. This comes on top of the CCP’s ability to put in new regulations like Steph Curry knocking down three pointers. I shared an article below about how China’s ban on crypto is different this time. I’m not exactly sure it is. The CCP had plans to dominate the world, but I’m not sure this is how they thought it would go. I thought of today’s title when I saw the strength of equity and crypto markets this week. All the news pointed to another lower week, but they seemed to fight it off and end the week higher. It’s also the title of a song in my pre-race routine. Here are some of the lyrics. I think it describes the crypto community quite well. Not sure if that ends good or bad. Time out, let's get something clear I speak more truth than you want to hear Scapegoat to cover up your fear, you can't bring me... You ain't never...
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Bring the Pain

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  This week is going to be a short post with hardly any commentary from me. I still wanted to share some of the goods from the week. Bond holders are currently feeling the pain most. Jerome Powell had second thoughts on just how aggressive the Fed was going to be. Now, he says they're done just acting tough, but ready to fight, inflation that is. Since I haven't been able to dive into this, I thought I'd share some commentary from one of my colleagues, David French . As the Federal Reserve is ready to embark on an expected aggressive series of tightening moves, how does the rates market generally respond? I went back to 2017 and 2018 when the Fed tightened 3 and 5 times (total of 8) over 2 years. How did rates respond? Looking below, the 2y-10y spread (Purple line) reversed its steepening and began a long flattening trend that continued all the way through the rate hikes and stopping when the last one was done. This provides a view that the yield curve is very responsive i...
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Things That Make You Go Boom

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  According to the Owlcation site , Chlorine Trifluoride is the number two most dangerous chemical known to man. Why did I choose the number vs. the number one. Well, man has actually tried to use this. It was discovered by Nazi scientists during WWII and they found it too unstable. The US tried to use it, but it spilled and melted concrete and created a hole a few feet deep. It’s basically the most explosive thing on the planet . It will set fire to basically anything it touches. So why am I going down this chemistry rabbit hole, well it rained almost the entire weekend, but also because we saw one of the deadliest trades come into play again last week. There are a couple of examples, but this widow maker trade, natural gas futures reared its ugly head again.It famously put Amaranth Advisors out of business . Volatility was the story across many markets last week. Equities, Treasuries, Crypto but energy and natural gas was wackiest of all. I’ll touch on this further below. Frida...
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