HFT

Inside The "Wildest Commodity Trade" Ever... Just Don't Blink

Chinese trading in futures of ferrosilicon exploded this week, with the average contract on Wednesday held for an estimated 39 minutes, the culmination of an HFT bubble which sent the price of the alloy 25% higher this month alone.

Weekend Reading: Losing Faith?

"With President Trump embroiled in one entanglement after another and constrained by a deeply partisan legislature, the ability of the Administration to pass legislative agenda seems to be fading... along with investor 'faith' that they will."

Weekend Reading: On A Cliff's Edge

"...Unfortunately, in the financial markets, irrationality historically prevails and very few investors survive the fall..."

Future-Hype Arrives Right On Cue... Again

This week we have no finer example for one to ponder than Mr. Musk himself in what can only be deemed as one of the most blatant examples of what I’ve coined “future-hype.”

A New Chinese Threat Emerges: Net Bond Issuance Crashes Most On Record

China just suffered a record collapse in net corporate bond financing, the latest and far more "tangible" threat to China's debt-fuelled economy. In May a quarter trillion yuan in corporate bonds matured, or were repaid, or defaulted, resulting in the biggest corporate debt drain in history.