Thursday, June 15, 2017
Some reading stuff:
Calculated Risk - rail traffic increased in May and LA port traffic increased in May. Quit piddling yourself.
FT Alphaville - tech tantrum shows how the market has changed. Everything's algorithmic now, and the computers tend to all puke stocks at the same point, which explains the nutbar volume bars we're seeing in QQQ. It's as if they want to lose money. Well, maybe it's just that the kids programming these algos are dumb brats who just finished a Master's in quant at university, and they don't actually have a clue about anything.
NY Times - the Conservative plan to cause the next market crash. Every single thing the party is doing is explicitly intended to destroy the USA.
Simon Wren-Lewis - Conservative zugzwang. With the election result, the UK conservatives are now backed into a corner and can't win no matter what they do. Good job!