Nasdaq 100

It's Never Been Cheaper To Hedge Highly Speculative Tech Companies

While many have noticed the demise of volatility in the US equity markets - 104 days without a 1% drop, plunge in VIX, record low monthly ranges - it is the most highly speculative and most over-valued companies that appear to be the biggest beneficiaries of peak animal spirits. It has never been cheaper to hedge stocks in the Nasdaq...

"Can't Get Broke Taking Profits" - The Tech Stock Rally Is Getting Extended

It has been said that one “can’t go broke by taking profits”. And while many may disagree with that practice (and we understand their “slippery slope” rationale), as active risk-managers, there are definitely occasions when we would deem that strategy appropriate. Now is one of those occasions.

More Evidence Trump Rally Is Thinning

Despite the major averages’ continued drift near all-time highs, volume moving into advancing stocks has been historically light.

US Futures Flat Ahead Of December Payrolls; Dollar Rebounds

European shares fell modestly, Asian equities declined for the first day in three, and US equity futures were unchanged before the December U.S. nonfarm payrolls report. China’s offshore yuan fell the most in a year to pare a record weekly rally, while Mexico’s peso climbed after the central bank sold dollars. Oil was trading lower in early trading.

How Hedge Funds Closed Out 2016, And Why Hopes For A 2017 Rebound May Disappoint

In recent weeks there has been a burst of hope that 2017 will be better for hedge funds as a result of the recent collapse in cross-asset correlation; it is hoped that the resulting returns dispersion would make it easier for hedge funds to stand out in a world in which correlation had been at near record highs. But is that an accurate description of events?  To a great extent, the answer is no.