It’s FOMC day and I’m pretty much going to sit on my hands until all the dust settles. Speaking of which, my real life hands happen to be in bad shape these days. It turns out that punching walls and occasionally people as well as several hundred fist push ups per week combined with constant keyboard usage actually takes a toll on your mitten fillers given enough time. Suffice to say my traumatologist isn’t happy as he had to give me my second course of cortisone for this year after my left middle finger ended up being stuck retracted in the morning.
I pose that Jon Snow would actually have a better lock on crypto currencies than any of those wannabe-experts that currently seem to be popping out of the woodworks. Jon for one may actually instinctively grasp that convincing others of your quest requires a modicum of evidence demonstrating your competency in the subject matter. For example in during his personal quest he had to demonstrate a) that the White Walkers existed and b) that can they be killed. In the supposed bitcoin expert’s case I would only need to ask two simple questions: a) where were you when BTC was trading below $500 (or less) and b) why didn’t you tell me to buy it then?
I can’t believe it is Sunday afternoon again – how time flies! And once again it’s time to review the performance of last week’s historical top and bottom stock symbols in the S&P 500. As you may recall these symbols are the result of parsing a database containing over 50 years worth of statistical performance data. The idea is to extract the prospective top ten winners and losers of the coming week purely based on historical statistics. The result is then sorted by liquidity and any symbol that is scheduled to report earnings or pass ex-dividend is being excluded.
Equity futures pulled an NFL yesterday judging by the complete lack of participation throughout the big roll over day into the 2018 March contract. Fairly unusual at least in my (not so) humble opinion, and it seemed as if everyone rolled (or perhaps not) and then simply walked away.