High Frequency Trading

High Frequency Trading

What Is An Algorithm?

In the modern world, algorithms do much of the digital heavy lifting... In short, society couldn’t function as-is without algorithms – and as we lean on them to run more things, it becomes more important for us to learn what they are and what they do...

DOJ Probing Goldman For Rigging Treasury Auctions

While we doubt anything material will emerge for various obvious reasons, the NY Post reports that the DOJ is probing Goldman Sachs for alleged Treasury auction rigging: the charge is that Goldman, one of the 23 US primary dealers, won almost all Treasury bond auctions from 2007 to about 2011.

The A.I. Economy: "Why The Market Never Crashes"

"Things are not what they seem; it isn’t your granddaddy’s financial market. Real money no longer exists, and the rest of us are trapped inside of a system of debt slavery, fake news and bad info, and rule by fake money."

A Biased 2017 Forecast, Part 2

"Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance."

Something Wicked This Way Comes

"The narrative about an improving economy, thriving jobs market, and glorious future is bullshit. I know it. You know it. And your establishment puppeteers know it. But only “fake news” sites would dare reveal these inconvenient truths."

Yellen To Wall St: It's Christmas In September So Buy, Buy, Buy!

"I’m now firmly in the camp that not only will the Fed not raise this year – they may not raise again for years. For they are not only “painted into a corner” via their own misdoings – they are chained there by Wall Street. They’ve missed the window..."

"Did The Music Just Stop?"

Welcome to your fundamentally flawed “markets,” where the only thing that matters fundamentally – is the open spigot of liquidity.

Is This The Simple Reason Why FX Traders Are Getting Out Of The Market

"Why beat your head against the wall trying to make sense of some stretched argument about how the Russian ruble will fare against the South African rand when simply buying gold has been the alternative? The former has multiple, opaque and rapidly changing parts galore. The latter only requires evaluating if the world will stay as messed up as it’s become."

The Greater Depression - Part 1

The corporate mainstream media faux journalists scorn and ridicule anyone who makes the case we are currently in the midst of another Great Depression. They are paid to peddle a recovery narrative to keep the masses ignorant, sedated, and distracted by latest adventures of Caitlyn Jenner and the Kardashians. An impartial assessment of the facts reveals today’s Depression to be every bit as dreadful for the average American as it was in the 1930s

The Disgusting Silence Fueling Crony Capitalism

Free market capitalism - the very heart, soul, and driving engine that has propelled technology, medicine, transportation, manufacturing, efficient markets, and so much more - is not only under assault; it is being left out to hang like some dried, dead leaf by the very people who should be at the forefront for its defense. i.e., CEO’s and business leaders of all stripes. Yet, so far – the silence is deafening.

A Fully Automated Stock Market Blow-Off?

About one month ago we read that risk parity and volatility targeting funds had record exposure to US equities. It seems unlikely that this has changed – what is likely though is that the exposure of CTAs has in the meantime increased as well, as the recent breakout to new highs should be delivering the required technical signals. All these strategies are more or less automated (essentially they are simply quantitative and/or technical strategies relying on inter-market correlations, volatility measures, and/or momentum). We believe this is an inherently very dangerous situation.