Bitcoin/Stock Correlations: An Update
By admin_45 in Blog

Bitcoin/Stock Correlations: An Update

Today we update our statistical work on the relationship between bitcoin’s price and the S&P 500. The notion that bitcoin is a “Stub” asset (the riskiest piece of a capital structure) in global capital markets is getting some traction...

Learning to Love Volatility
By admin_45 in Blog

Learning to Love Volatility

Of everything that impacts the capital markets, behavioral biases are often the most underappreciated. We try to keep this in mind as it can provide insight into the bigger picture. Take the recent onslaught of volatility, for example: is it just...

Long Term Look at US Equity Volatility
By admin_45 in Blog

Long Term Look at US Equity Volatility

US equity market volatility has returned, so today we take a big step back and examine long-term historical trends here. Specifically, we want to address two questions we hear a lot: 1) Are US equities more volatile now than previous cycles and, if...

The Most Important Number to US Stocks
By admin_45 in Blog

The Most Important Number to US Stocks

We’ve come to the conclusion that US stocks are keying off one interest rate-related number, but it is not the US Treasury 10 Year yield that is so commonly mentioned. Yes, the rate on the 10-year did move higher today as equities slipped after...