We had an electrifying end to 2018 and it was supposed to be fire and brimstone for all of 2019. But somehow, someway, we’ve managed to kill volatility and sashay (no homo) to new record highs.
Exodus specializes in mean reversion algorithms and is aways testing the market’s stress points to find pivot points. For our principle algorithm, we had just two oversold signals for the first half of 2019, and here they are.
SPY rose 5.1% 10 days following OS on 5/31
SPY rose 3.2% 10 days following OS on 3/22
I’d say the time machine is back and running at full capacity — plutonium in the engine and the good Dr. at the wheel crushing shit in the Pelican Room. It has been a good start to 2019. I’ll have a full update on my Quant performance on Monday.
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I have 68% of my assets stored in a vault I think it’s in Delaware somewhere. Let’s get some trade dysfunction restored. What the hell happened to that Iran war? Peter where are you? Get back to work Mr Bolton!
Surprised this didn’t warrant a post Dr – – sometimes zerohedgsteria is warranted.
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Yesterday, “Europe announced that the special trade channel, Instex, that will allow European firms to avoid SWIFT and bypass American sanctions on Iran, is now operational.”
According to Bloomberg, the Treasury Department’s undersecretary for terrorism and financial intelligence, Sigal Mandelker (an Israeli emigre), sent a letter on May 7 warning that Instex, the European SPV to sustain trade with Tehran, and anyone associated with it could be barred from the U.S. financial system if it goes into effect.
“I urge you to carefully consider the potential sanctions exposure of Instex,” Mandelker wrote in an ominous letter to Instex President Per Fischer. “Engaging in activities that run afoul of U.S. sanctions can result in severe consequences, including a loss of access to the U.S. financial system.”
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Will tool Trump be permitted to act in US interests?
I’ll be lighting $100 cigars with $500 bills on Monday.
Now that’s funny!