Recent blog articles and videos

April 8, 2025

Recent Blog Articles

Highly Leveraged ETNs: Not for Investing

The long-term performance of highly leveraged ETN products depends on the duration and depth of the drawdowns of the underlying instrument. Depending on the volatility of the underlying, these products may not deliver the leveraged performance for holding periods longer than a day.

Are Reflex Rallies Disappearing?

The frequency of “reflex rallies” occurring in stock market downtrends has diminished after the GFC bear market. New financial products and crowded trades may have imposed a regime change.

Rare 7-Sigma Two-Day Drop: Time to Reflect

After a rare 7-sigma drop in the stock market, macro analysts should consider their recent analysis, and tactical asset allocators should not celebrate any outperformance. The markets are in an “unforgiving regime.”

Recent Videos

Tail risks in 200-day moving average crosses

Reversing globalization; Short term pain for long term gain.

China's New Deal; Pro-labor policies; New collateral; Safest country in World

The village economy is booming. The citizens are poor. CPI rose, and recession odds.

New complexity, peace prospects, gold's rally, and crypto woes

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