First, James B. Stewart, interviews James Stack, here... “If there are any certainties, one will be that this party will eventually come to an
Growing Pains… The Economist
From The Economist, here is a nice chart with GDP estimates for global economies:
Byron Wien’s Ten surprises for 2019… Blackstone
These are always fun to read, not always fun to trade... Here is number one: The weakening world economy encourages the Federal Reserve to stop
Cash was king… Novel Investor
I love these asset return quilts... This one is from Novel Investor, here... And here is one from JP Morgan (cash was trash over the time
Energy prices fell sharply in 4Q18… EIA
I’m extremely happy the EIA is up and running... Here are two excellent charts from Today in Energy... The link is here...
Implied vol update, WTI…
Here is a chart showing implied vol for WTI updated through Dec 31, 2018... The long term average going back to November 14th 1986 is 32.8... WTI vol