Topic
Fractal Market Hypothesis
A collection of 47 issues
Flash Report: Market Uncertainty State Moves from Fragile to Turbulent
Blog: Hard, Soft or Aborted Landing?
Aeronautical terms have been popular form of market jargon for a long time. These days, of course, it’s what type of recession we’re going to have: a “hard” landing (which is a nice way of saying, a crash) or a “soft” landing, where we glide in without disturbing
Blog: Is the VIX Broken? Nope.
Recently I’ve read some market commentators declare the VIX1 “broken" as a fear index because it’s not always down when the market is up and up when the market is down. I’ve heard this story several times over the years, but the only time the VIX
Newsletter: The Released Balloon Theory of Inflation
A released balloon can be deflating but still go up and down in an unpredictable way before collapsing. Inflation is like that too. It can ease in the near term while going up in the long term before it reaches its final level. So be careful extrapolating recent trends.
Blog: The Fractal Market Hypothesis remains in force as "everything moves in tandem"
Blog: The Fractal Market Hypothesis in Action
Bloomberg recently featured an article titled “Lockstep Stock Market is Forcing Everyone to be a Macro Trader.”1 The article noted that the correlation across stocks has increased substantially. Markets seem to be less concerned about individual stock stories than about the overall economy and its effect on all stocks.