Morning Ahead: Hedge Funds Getting Back In Oil, Heavy Fed Speaker Schedule, Trump Speaks at Economic...
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Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.

Industry Headlines:

Protecting the Downside of Trend When It Is Not Your Friend Kun Yang, Edward Qian, and Bran BeltonJournal of Portfolio ManagementA version of this paper can be foundhereWant to read our summaries of academic finance papers? Check out our Academic Research Insight category What are the research questions? We've done a poor job hiding our [...] - was originally published at . Please read the Alpha Architect at your convenience.


We kickoff this Monday with Consumer Inflation Expectations and Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M. and 10-Year Note [...]


An update on agriculture futures markets to start the week from Blueline Futures.Oliver Sloup breaks down the trading day in grain futures markets. Yesterday was a bit of a disappointment for the oil futures bull camp as price action failed to achieve $60 and reversed all early gains. Stock index futures get non-farm payrolls.January soybean futures managed to rebound yesterday on positive trade headlines and technical relief.February lean hog futures caught a big bid today, erasing all of yesterday’s losses. The market has seen three day stretch of volatility while remaining range-bound, perhaps we see will this setup for a breakout or a breakdown. Risk-sentiment is snapping back this morning on trade hopes after Bloomberg reported the U.S and China as moving closer to agreeing on the amount of tariffs to roll back.January soybeans closed lower for their 8th consecutive session on the back of fund selling and negative reports on trade with China. President Trump stated that it may be better if they wait to make a deal after the 2020 election.February lean hogs gave back Friday’s gains as prices retreated to their lowest level since August 7th, holding on to our technical support pocket which we had defined as 65.45-55.05.Wheat futures caught a bid on Friday on decent volume and many reporting concerns over winter weather sweeping through the Midwest. The fundamentals are relatively mute in wheat as it appears money flow and technicals are the driving factors near term.Futures continued to tumble on technical weakness and favorable weather in South America, which is expected to have a big crop. There have been some whispers from an analyst at a large bank that a Phase 1 trade deal could get done over the weekend.


Oil prices soared on Friday after OPEC, led by Saudi Arabia, engineered a 503,000 barrel per day production cut, bringing the total cut to 2.1 [...]


We kickoff the day with Unemployment at 7:30 A.M., Michigan 5-Year Inflation Expectations, Michigan Inflation Expectations and Michigan Current Conditions and Wholesale Trade at 9:00 [...]


Slowdown the barrels. Lower production before prices falls again: prices start rocking, we expect the Russians will be onboard again now. For we need production [...]




Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


An update on agriculture futures markets to start the week from Blueline Futures.


Oil prices soared on Friday after OPEC, led by Saudi Arabia, engineered a 503,000 barrel per day production cut, bringing the total cut to 2.1 million barrels.




The members of the OPEC rarely disappoint when it comes to their big meetings. This month, much is on the table. Will they cut more [...]



Oliver Sloup breaks down the trading day in grain futures markets. Yesterday was a bit of a disappointment for the oil futures bull camp as price action failed to achieve $60 and reversed all early gains. Stock index futures get non-farm payrolls.January soybean futures managed to rebound yesterday on positive trade headlines and technical relief.February lean hog futures caught a big bid today, erasing all of yesterday’s losses. The market has seen three day stretch of volatility while remaining range-bound, perhaps we see will this setup for a breakout or a breakdown. Risk-sentiment is snapping back this morning on trade hopes after Bloomberg reported the U.S and China as moving closer to agreeing on the amount of tariffs to roll back.January soybeans closed lower for their 8th consecutive session on the back of fund selling and negative reports on trade with China. President Trump stated that it may be better if they wait to make a deal after the 2020 election.February lean hogs gave back Friday’s gains as prices retreated to their lowest level since August 7th, holding on to our technical support pocket which we had defined as 65.45-55.05.Wheat futures caught a bid on Friday on decent volume and many reporting concerns over winter weather sweeping through the Midwest. The fundamentals are relatively mute in wheat as it appears money flow and technicals are the driving factors near term.Futures continued to tumble on technical weakness and favorable weather in South America, which is expected to have a big crop. There have been some whispers from an analyst at a large bank that a Phase 1 trade deal could get done over the weekend.Bullish momentum from the U.S-China trade narrative, stronger than expected earnings and looser Federal Reserve policy has powered the S&P and NQ to a fresh record each day this week.


Oliver Sloup breaks down the trading day in grain futures markets. Yesterday was a bit of a disappointment for the oil futures bull camp as price action failed to achieve $60 and reversed all early gains. Stock index futures get non-farm payrolls.January soybean futures managed to rebound yesterday on positive trade headlines and technical relief.February lean hog futures caught a big bid today, erasing all of yesterday’s losses. The market has seen three day stretch of volatility while remaining range-bound, perhaps we see will this setup for a breakout or a breakdown. Risk-sentiment is snapping back this morning on trade hopes after Bloomberg reported the U.S and China as moving closer to agreeing on the amount of tariffs to roll back.January soybeans closed lower for their 8th consecutive session on the back of fund selling and negative reports on trade with China. President Trump stated that it may be better if they wait to make a deal after the 2020 election.February lean hogs gave back Friday’s gains as prices retreated to their lowest level since August 7th, holding on to our technical support pocket which we had defined as 65.45-55.05.Wheat futures caught a bid on Friday on decent volume and many reporting concerns over winter weather sweeping through the Midwest. The fundamentals are relatively mute in wheat as it appears money flow and technicals are the driving factors near term.Futures continued to tumble on technical weakness and favorable weather in South America, which is expected to have a big crop. There have been some whispers from an analyst at a large bank that a Phase 1 trade deal could get done over the weekend.Bullish momentum from the U.S-China trade narrative, stronger than expected earnings and looser Federal Reserve policy has powered the S&P and NQ to a fresh record each day this week.



The relatively quiet overnight session was interrupted by blowout employment numbers, which moved futures swiftly lower.


Every minute of every trading day, trading signals are assessed on a portfolio of30 futures marketsand tracked in a veryhigh level of transparency and accountability.


The highly successful BitMEX, which hosts the world's most popular BTC product in their XBT Perpetual Swap, has attracted copiers in the form of both new entrants and incumbents.


Do you need more active trader financial market leads? Help support Futures Magazine which caters to active traders in futures, commodities, stocks, and crypto markets. Sponsorship packages are still available for 2020.


OPEC cuts tweets start coming. Oil prices are waiting on confirmation but if reports are right, the cartel, along with its favorite non-OPEC member Russia, is close to agreeing to an additional 500,000 barrels per day (bpd)production cut


Yesterday was a bit of a disappointment for the oil futures bull camp as price action failed to achieve $60 and reversed all early gains. Stock index futures get non-farm payrolls.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.




A large body of research demonstrates that “familiarity breeds investment.” For example, a study by Gur Huberman found that shortly after AT&T was broken up and shareholders were given shares in each of what were called the Baby Bells, the residents of each region held a disproportionate number of shares of their regional Bell. Each [...] - was originally published at . Please read the Alpha Architect at your convenience.


January soybean futures managed to rebound yesterday on positive trade headlines and technical relief.February lean hog futures caught a big bid today, erasing all of yesterday’s losses. The market has seen three day stretch of volatility while remaining range-bound, perhaps we see will this setup for a breakout or a breakdown. Risk-sentiment is snapping back this morning on trade hopes after Bloomberg reported the U.S and China as moving closer to agreeing on the amount of tariffs to roll back.January soybeans closed lower for their 8th consecutive session on the back of fund selling and negative reports on trade with China. President Trump stated that it may be better if they wait to make a deal after the 2020 election.February lean hogs gave back Friday’s gains as prices retreated to their lowest level since August 7th, holding on to our technical support pocket which we had defined as 65.45-55.05.Wheat futures caught a bid on Friday on decent volume and many reporting concerns over winter weather sweeping through the Midwest. The fundamentals are relatively mute in wheat as it appears money flow and technicals are the driving factors near term.Futures continued to tumble on technical weakness and favorable weather in South America, which is expected to have a big crop. There have been some whispers from an analyst at a large bank that a Phase 1 trade deal could get done over the weekend.Bullish momentum from the U.S-China trade narrative, stronger than expected earnings and looser Federal Reserve policy has powered the S&P and NQ to a fresh record each day this week. Yesterday’s weekly Crop Progress report showed that corn harvest is 84% complete, 1% behind expectations and 11% behind the 5-year average.February live cattle futures crashed lower on Friday, testing and holding support pocket from 123.125-123.40. Yesterday they erased all of Friday’s losses and at one point erased all of Thursday’s too, testing a resistance pocket from 125.775-126.30.


Challenger Job Cuts came in at 44.569 thousand with the previous 50.275 thousand. At 7:30 A.M. we have Export Sales, Jobless Claims and U.S. Trade [...]


Financials: Mar. Bonds are currently 0’04 lower at158’21,10 Yr. Notes0’01 higher at129’14.5 and 5 Yr. Notes 0’01.00 higher at 119’00.75. Over the last 2 weeks [...]


Silly side talks, oil price hawks, dressed in mighty high style, in the air, there’s a feeling of OPEC. Members clashing, oil slashing, meeting time [...]



CHICAGO, Dec. 5, 2019 /PRNewswire-PRWeb/ -- Coquest Inc. has announced that Michael Kennedy, a 25-year veteran of the investment management and managed futures industry, has joined Coquest Inc. as ...


Every minute of every trading day, trading signals are assessed on a portfolio of30 futures marketsand tracked in a veryhigh level of transparency and accountability.


Well OPEC day is here, and the eagerly awaited announcement about their intention on production going forward will be the driving force of the day. Signals are coming from Vienna and the market appears to believe that Saudi Arabia can convince OPEC.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


February lean hog futures caught a big bid today, erasing all of yesterday’s losses. The market has seen three day stretch of volatility while remaining range-bound, perhaps we see will this setup for a breakout or a breakdown.


DEC CORN Dec Corn exploded on Friday for no apparent reason for a 9 cent gain & has extended these gains on Mon 12/2 -with [...]


As 2019 draws to a close, the volatility of the year’s futures markets forces us to define what 2019 has taught us and to look [...]


DJ CBOT Delivery Intentions: Totals – Dec 4 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date [...]


We started this morning with MBA Mortgage Applications –9.2% vs. the previous +1.5%, MBA 30-Year Mortgage matching the previous number at 3.97%. At 7:15 A.M. [...]



What selloff? Oil prices are coming back from the Black Friday massacre as, along with OPEC plus optimism, the American Petroleum Institute (API) gives the [...]


Risk-sentiment is snapping back this morning on trade hopes after Bloomberg reported the U.S and China as moving closer to agreeing on the amount of tariffs to roll back.January soybeans closed lower for their 8th consecutive session on the back of fund selling and negative reports on trade with China. President Trump stated that it may be better if they wait to make a deal after the 2020 election.February lean hogs gave back Friday’s gains as prices retreated to their lowest level since August 7th, holding on to our technical support pocket which we had defined as 65.45-55.05.Wheat futures caught a bid on Friday on decent volume and many reporting concerns over winter weather sweeping through the Midwest. The fundamentals are relatively mute in wheat as it appears money flow and technicals are the driving factors near term.Futures continued to tumble on technical weakness and favorable weather in South America, which is expected to have a big crop. There have been some whispers from an analyst at a large bank that a Phase 1 trade deal could get done over the weekend.Bullish momentum from the U.S-China trade narrative, stronger than expected earnings and looser Federal Reserve policy has powered the S&P and NQ to a fresh record each day this week. Yesterday’s weekly Crop Progress report showed that corn harvest is 84% complete, 1% behind expectations and 11% behind the 5-year average.February live cattle futures crashed lower on Friday, testing and holding support pocket from 123.125-123.40. Yesterday they erased all of Friday’s losses and at one point erased all of Thursday’s too, testing a resistance pocket from 125.775-126.30.January soybean futures had a technical breakdown last week after reports of the Phase 1 trade deal being delayed, this shouldn’t come as a big shock.Considering the smoke in mirrors jawboning we’ve become accustomed to over these last two years of negotiations, although for face value China’s announcement is a considerable positive, we must still take it with a grain of salt until there is further proof.


Risk-sentiment is snapping back this morning on trade hopes after Bloomberg reported the U.S and China as moving closer to agreeing on the amount of tariffs to roll back.



Every minute of every trading day, trading signals are assessed on a portfolio of30 futures marketsand tracked in a veryhigh level of transparency and accountability.


We Wanted To Address Mid-Level Coins And Liquidity Dynamics. Widely Quoted 'Market Caps' Are Not Indicative Of Where Any Kind Of Size Can Be Sold


SOFR futures positioning ahead of year-end turn drives record OI. SOFR is a logical replacement for Libor futures after the end of 2021, when regulators have called for its replacement.


Crude oil prices have rebounded as OPEC and Russia appear to be agreeing on deeper cuts in production Prices were future supported by the latest DOE report showing that crude oil stocks drew greater than expected.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


What selloff? Oil prices are coming back from the Black Friday massacre as, along with OPEC plus optimism, the American Petroleum Institute (API) gives the algorithms a reality check.


We emphasize to our traders that sometimes you’re able to receive breaking trading news from Twitter tweets and worldwide news networks before the trading squawk boxes and financial news television report the story.


Each afternoon Ira Epstein gets you up to speed on what happened inthe metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.


DJ CBOT Delivery Intentions: Totals – Dec 3 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date [...]



January soybeans closed lower for their 8th consecutive session on the back of fund selling and negative reports on trade with China. President Trump stated that it may be better if they wait to make a deal after the 2020 election.February lean hogs gave back Friday’s gains as prices retreated to their lowest level since August 7th, holding on to our technical support pocket which we had defined as 65.45-55.05.Wheat futures caught a bid on Friday on decent volume and many reporting concerns over winter weather sweeping through the Midwest. The fundamentals are relatively mute in wheat as it appears money flow and technicals are the driving factors near term.Futures continued to tumble on technical weakness and favorable weather in South America, which is expected to have a big crop. There have been some whispers from an analyst at a large bank that a Phase 1 trade deal could get done over the weekend.Bullish momentum from the U.S-China trade narrative, stronger than expected earnings and looser Federal Reserve policy has powered the S&P and NQ to a fresh record each day this week. Yesterday’s weekly Crop Progress report showed that corn harvest is 84% complete, 1% behind expectations and 11% behind the 5-year average.February live cattle futures crashed lower on Friday, testing and holding support pocket from 123.125-123.40. Yesterday they erased all of Friday’s losses and at one point erased all of Thursday’s too, testing a resistance pocket from 125.775-126.30.January soybean futures had a technical breakdown last week after reports of the Phase 1 trade deal being delayed, this shouldn’t come as a big shock.Considering the smoke in mirrors jawboning we’ve become accustomed to over these last two years of negotiations, although for face value China’s announcement is a considerable positive, we must still take it with a grain of salt until there is further proof.Oliver Sloup breaks down the trading day before WASDE report in grain futures markets.



We kickoff the day with Redbook at 7:55 A.M., ISM New York Index at 8:45 A.M., 52-Week Bill Auction at 10:30 A.M. and API Energy [...]




In my rant on the 5% sell-off in oil on black and blue Friday, I erroneously stated the massive sell-off was on light volume. Well [...]


Each afternoon Ira Epstein gets you up to speed on what happened inthe metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.


February lean hogs gave back Friday’s gains as prices retreated to their lowest level since August 7th, holding on to our technical support pocket which we had defined as 65.45-55.05.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


In my rant on the 5% sell-off in oil on black and blue Friday, I erroneously stated the massive sell-off was on light volume. Well actually, the volume was very high, higher than the recent average.


Every minute of every trading day, trading signals are assessed on a portfolio of30 futures marketsand tracked in a veryhigh level of transparency and accountability.


Quiet overnight session disrupted by China trade talk headlines. Trump signaled a willingness to move forward with the tariffs if a deal isn’t struck by the mid-December deadline.


How does one navigate a market that seemingly goes up at a 45 degree angle, with low volatility, for a decade? It’s not like it hasn't happened before - from 1990 to 2000 prior to the dot-com correction, the S&P500 grew at 13% annualized with a 16% pullback - very similar to the current run from 2009 at 12% annualizedwith a 17% pullback (peak to trough monthly). Eerilysimilar. While we know that corrections are inevitable, we tend to ignore this risk during great runs. Will it be 10%? 15%? 20%? The correction in 2018 was 20% to the day. Was that enough? Look at the chart - what do you think? - History shows us that we can expect 40-50% plus from time to time. While some may argue that those times (2001 tech or 2008 financial crisis) were driven by specific events, we can't disagree. But here is the thing – the cause wasn’t obvious until the dust settled. And we don't see the next "event" any different. What will it be this time? Or what are the risks and catalysts?Recent bank (repo) liquidity crisis?US election uncertainty that could change tax and financial policies?Slowing global economy and trade concerns?Manufacturing PMI at recessionary levels?Delinquencies rising in some retail areas such as auto loans?Valuations of stocks now believed to be higher than prior to Tech bubble and the end of the roaring twenties?Massive Corporate debt?How does one protect themselves from the downside risk? One way is to do what Ray Dalio has done recently at the world’s largest hedge fund. Bridgewater has made a $1.5 billion dollar bet stocks fall by March 2020 by buying put options that will pay off if the market drops precipitously. This is one option. Another way to protect the downside risk is with diversification that lasts longer than the near term. One of the best diversifiers to an equity tilted portfolio is Managed Futures. The correlation is low and generally negative when equities are selling off causing performance at a critical time. In 2008, our flagship portfolio added over 44%. This is what we do at Auspice. Give us a call.Disclaimer belowIMPORTANT DISCLAIMERS AND NOTESFutures trading is speculative and is not suitable for all customers. Past results are not necessarily indicative of future results. This document is for information purposes only and should not be construed as an offer, recommendation or solicitation to conclude a transaction and should not be treated as giving investment advice. Auspice Capital Advisors Ltd. makes no representation or warranty relating to any information herein, which is derived from independent sources. No securities regulatory authority has expressed an opinion about the securities offered herein and it is an offence to claim otherwise.QUALIFIED INVESTORSFor U.S. investors, any reference to the Auspice Diversified Strategy or Program, “ADP”, is only available to Qualified Eligible Persons “QEP’s” as defined by CFTC Regulation 4.7.For Canadian investors, any reference to the Auspice Diversified Strategy or Program, “ADP”, is only available to “Accredited Investors” as defined by CSA NI 45-106.



Do-It-Yourself tactical asset allocation weights for the Robust Asset Allocation Index are posted here. (Note: free registration required) Request a free account here if you want to access the site directly. Exposure Highlights (bold implies a month over month change):[ref]The information contained herein is only as current as of the date indicated and may be [...] - was originally published at . Please read the Alpha Architect at your convenience.


Does the Fed Impact Stock Prices? McDonald, Puleo and Shadmani Journal of Investing, February2019A version of this paper can be foundhereWant to read our summaries of academic finance papers? Check out ourAcademic Research Insightcategory What are the Research Questions? Since the global financial crisis, the financial press has periodically asserted that the Federal Reserve’s actions [...] - was originally published at . Please read the Alpha Architect at your convenience.


COTTON General Comments: Cotton was a little higher last week. The market got some good news on Friday as USDA reported another strong week [...]


We kickoff the first Monday of December with Market Manufacturing PMI Final (Nov) at 8:45 A.M., ISM Manufacturing Index and Construction Spending at 9:00 A.M., [...]




Wheat futures caught a bid on Friday on decent volume and many reporting concerns over winter weather sweeping through the Midwest. The fundamentals are relatively mute in wheat as it appears money flow and technicals are the driving factors near term.Futures continued to tumble on technical weakness and favorable weather in South America, which is expected to have a big crop. There have been some whispers from an analyst at a large bank that a Phase 1 trade deal could get done over the weekend.Bullish momentum from the U.S-China trade narrative, stronger than expected earnings and looser Federal Reserve policy has powered the S&P and NQ to a fresh record each day this week. Yesterday’s weekly Crop Progress report showed that corn harvest is 84% complete, 1% behind expectations and 11% behind the 5-year average.February live cattle futures crashed lower on Friday, testing and holding support pocket from 123.125-123.40. Yesterday they erased all of Friday’s losses and at one point erased all of Thursday’s too, testing a resistance pocket from 125.775-126.30.January soybean futures had a technical breakdown last week after reports of the Phase 1 trade deal being delayed, this shouldn’t come as a big shock.Considering the smoke in mirrors jawboning we’ve become accustomed to over these last two years of negotiations, although for face value China’s announcement is a considerable positive, we must still take it with a grain of salt until there is further proof.Oliver Sloup breaks down the trading day before WASDE report in grain futures markets. January soybeans broke lower yesterday on bearish headlines around trade with ChinaFebruary live cattle started the day under pressure but caught a bid, midday as the cash trade started to pick up. It started with the Fed Cattle Exchange which sold 283 at an 116 weighted average.


Oil prices collapsed in what can be described as a post-Thanksgiving turkey shoot. Computer algorithms took suspect headlines and in turn picked-off bullish positions like [...]


A quiet overnight session, which saw futures put in the low for the day, led to a more active day session as traders got back to the markets after a traditionally slow holiday week. Disappointing ISM numbers contributed to the steady climb higher as futures closed near their range highs for the day.


Oil prices collapsed in what can be described as a post-Thanksgiving turkey shoot. Computer algorithms took suspect headlines and in turn picked-off bullish positions like turkey hunters in a petting zoo.


Wheat futures caught a bid on Friday on decent volume and many reporting concerns over winter weather sweeping through the Midwest. The fundamentals are relatively mute in wheat as it appears money flow and technicals are the driving factors near term.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


During the month of November, the top 3 performing sectors were: Softs (6.39%), Indices (3.88%) and the S&P 500 (3.40%). Equity markets reached all time highs as indices saw continual growth and a slight relief from damaging news. The bottom 3 sectors were: Energies (-2.19%), Metals (-2.10%) and Currencies (-1.53%).… - The post appeared first on managedfuturesinvesting



iM DBi Managed Futures Strategy ETF (NYSEARCA:DBMF)’s stock price traded down 0.4% during trading on Friday . The company traded as low as $27.57 and last traded at $27.57, 300 shares changed hands ...


Every minute of every trading day, trading signals are assessed on a portfolio of30 futures marketsand tracked in a veryhigh level of transparency and accountability.




The following is a guest post from Spring Valley Asset Management: Commodity Trading Advisors (CTAs) are a class of hedge funds that trade primarily in liquid global futures markets. These include currencies, fixed income, equity indices, and commodities. CTAs pursue many different types of strategies. However, research has shown that they predominantly follow trends. Trend following buys assets that have risen in price and sells assets that have fallen in price. The strategy has been robust historically and consistent across asset classes. Using the approach in [1], we construct a proxy trend following strategy. In Exhibit 1, we confirm that



600%., effective from 16 December 2019. The increase to the expected level of leverage is due to it being more ...










The US Commodity Futures Trading Commission has issued an order filing and simultaneously settling charges against Goldman Sachs & Co for failing to make and keep certain audio recordings as required under CFTC regulations for swap dealers.



JAN BEANS Trade uncertainty, benevolent weather conditions for South America & general“holiday chop” have all contributed to a general malaise in the bean mkt – [...]




When Equity Factors Drop Their Shorts David Blitz, Guido Baltussen, and Pim van VlietWorking PaperA version of this paper can be foundhereWant to read our summaries of academic finance papers? Check out ourAcademic Research Insightcategory What are the Research Questions? The standard academic approach to factor analysis is through the lens of long-short portfolios (which [...] - was originally published at . Please read the Alpha Architect at your convenience.


MBA Mortgage Applications came in at 1.5% vs. the previous -2.2%, MBA 30-Year Mortgage Rate came in 3.97% vs. the previous 3.99%, at 7:30 A.M. [...]


Going into Thanksgiving Day we have a lot to be thankful for on the energy front. Our nation’s economy has prospered with the shale revolution [...]



Futures continued to tumble on technical weakness and favorable weather in South America, which is expected to have a big crop. There have been some whispers from an analyst at a large bank that a Phase 1 trade deal could get done over the weekend.Bullish momentum from the U.S-China trade narrative, stronger than expected earnings and looser Federal Reserve policy has powered the S&P and NQ to a fresh record each day this week. Yesterday’s weekly Crop Progress report showed that corn harvest is 84% complete, 1% behind expectations and 11% behind the 5-year average.February live cattle futures crashed lower on Friday, testing and holding support pocket from 123.125-123.40. Yesterday they erased all of Friday’s losses and at one point erased all of Thursday’s too, testing a resistance pocket from 125.775-126.30.January soybean futures had a technical breakdown last week after reports of the Phase 1 trade deal being delayed, this shouldn’t come as a big shock.Considering the smoke in mirrors jawboning we’ve become accustomed to over these last two years of negotiations, although for face value China’s announcement is a considerable positive, we must still take it with a grain of salt until there is further proof.Oliver Sloup breaks down the trading day before WASDE report in grain futures markets. January soybeans broke lower yesterday on bearish headlines around trade with ChinaFebruary live cattle started the day under pressure but caught a bid, midday as the cash trade started to pick up. It started with the Fed Cattle Exchange which sold 283 at an 116 weighted average.December corn futures were able to find some footing yesterday with help from a flash sale of 191,000 metric tons of corn to an “Unknown” destination.






As we head into Thanksgiving and the holiday schedule, cocoa has moved lower. After making new highs the market has turned volatile. The current channel looks negative..


Each afternoon Ira Epstein gets you up to speed on what happened inthe metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.


Going into Thanksgiving Day we have a lot to be thankful for on the energy front. Our nation’s economy has prospered with the shale revolution and we have to thank all of those who risked their capital to make that happen.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


Bullish momentum from the U.S-China trade narrative, stronger than expected earnings and looser Federal Reserve policy has powered the S&P and NQ to a fresh record each day this week.




Generally speaking, managed futures refers to investing in futures under the guidance of an active fund manager. If you work with a professional money manager, also known as a commodity trading ...


There is a substantial body of evidence linking various accounting ratios to expected stock returns. One explanation of the links is that they could be explained by the accounting ratios being associated with systematic sources of risk. Alternatively, they could be associated with mispricing that arises from systematically biased investor expectations (see here for a [...] - was originally published at . Please read the Alpha Architect at your convenience.


Yesterday’s weekly Crop Progress report showed that corn harvest is 84% complete, 1% behind expectations and 11% behind the 5-year average.February live cattle futures crashed lower on Friday, testing and holding support pocket from 123.125-123.40. Yesterday they erased all of Friday’s losses and at one point erased all of Thursday’s too, testing a resistance pocket from 125.775-126.30.January soybean futures had a technical breakdown last week after reports of the Phase 1 trade deal being delayed, this shouldn’t come as a big shock.Considering the smoke in mirrors jawboning we’ve become accustomed to over these last two years of negotiations, although for face value China’s announcement is a considerable positive, we must still take it with a grain of salt until there is further proof.Oliver Sloup breaks down the trading day before WASDE report in grain futures markets. January soybeans broke lower yesterday on bearish headlines around trade with ChinaFebruary live cattle started the day under pressure but caught a bid, midday as the cash trade started to pick up. It started with the Fed Cattle Exchange which sold 283 at an 116 weighted average.December corn futures were able to find some footing yesterday with help from a flash sale of 191,000 metric tons of corn to an “Unknown” destination. U.S futures benchmarks are experiencing the healthiest of healthy pullbacks. Price action slipped from record highs early yesterday in this low volume environment.February lean hogs continued their slide lower today as the market threatens to close the gap from September 11th, which comes in from 67.825-68.525.


We kickoff this morning with Goods Trade Balance Adv. (Oct) and Wholesale Inventories MoM Adv. (Oct) at 7:30 A.M., Red Book at 755 A.M., S&P/Case-Shiller [...]


Oil prices are on the rebound on increased trade truce hopes as well as speculation that OPEC may try to engineer not only an extension [...]



Oil prices are on the rebound on increased trade truce hopes as well as speculation that OPEC may try to engineer not only an extension of the current production cut but even an extension.


Every minute of every trading day, trading signals are assessed on a portfolio of30 futures marketsand tracked in a veryhigh level of transparency and accountability.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


February live cattle futures crashed lower on Friday, testing and holding support pocket from 123.125-123.40. Yesterday they erased all of Friday’s losses and at one point erased all of Thursday’s too, testing a resistance pocket from 125.775-126.30.



And the Winner Is…A Comparison of Valuation Measures for Equity Country Allocation Adam Zaremba and Jan Jakub SzczygielskiJournal of Portfolio ManagementA version of this paper can be foundhereWant to read our summaries of academic finance papers? Check out our Academic Research Insight category What are the research questions? The use of valuation multiples in selecting [...] - was originally published at . Please read the Alpha Architect at your convenience.


We kickoff this shortened Thanksgiving week with Chicago Fed National Activity Index at 7:30A.M., Dallas Fed Manufacturing Index at 9:30 A.M., Export Inspections at 10:00 [...]


January soybean futures had a technical breakdown last week after reports of the Phase 1 trade deal being delayed, this shouldn’t come as a big shock.Considering the smoke in mirrors jawboning we’ve become accustomed to over these last two years of negotiations, although for face value China’s announcement is a considerable positive, we must still take it with a grain of salt until there is further proof.Oliver Sloup breaks down the trading day before WASDE report in grain futures markets. January soybeans broke lower yesterday on bearish headlines around trade with ChinaFebruary live cattle started the day under pressure but caught a bid, midday as the cash trade started to pick up. It started with the Fed Cattle Exchange which sold 283 at an 116 weighted average.December corn futures were able to find some footing yesterday with help from a flash sale of 191,000 metric tons of corn to an “Unknown” destination. U.S futures benchmarks are experiencing the healthiest of healthy pullbacks. Price action slipped from record highs early yesterday in this low volume environment.February lean hogs continued their slide lower today as the market threatens to close the gap from September 11th, which comes in from 67.825-68.525.January soybeans broke down on Monday and spent the rest of the week consolidating as market participants searched for new news to offer more conviction in the direction of the market. With harvest nearing 90% complete, headlines will largely be on the progress, or lack thereof, on the U.S. and China trade talks. Oliver Sloup breaks down the trading day in grain futures markets.



The new IMO 2020 rules go into effect but will ship be able to quit dirty fuel cold turkey? That’s the question for oil traders [...]




Many questions for oil traders as we go into a Thanksgiving week that may see unusual activity as U.S. trading volume dries up. Oil prices are showing resilience, signaling a much better demand outlook for the global economy.


Each afternoon Ira Epstein gets you up to speed on what happened inthe metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


Considering the smoke in mirrors jawboning we’ve become accustomed to over these last two years of negotiations, although for face value China’s announcement is a considerable positive, we must still take it with a grain of salt until there is further proof.


Crypto Markets rebounded after a weekend selloff. Market dynamics suggest pressure Is likely more a function of deleveraging than bearish repositioning.


Cryptoqueen: How this woman scammed the world, then vanished From BBC: Ruja Ignatova called herself the Cryptoqueen. She told people she had invented a cryptocurrency to rival Bitcoin, and persuaded them to invest billions. Then, two years ago, she disappeared. Jamie Bartlett spent months investi...





WisdomTree Managed Futures Strategy Fund (NYSEARCA:WTMF)’s share price traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $37.34 and last traded at $37.34, 7,296 shares ...



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