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Traders' Insight
Interactive Brokers Traders' Insight is a free online blog drawing together financial market commentary from an array of industry contributors. Exchanges, mutual funds, investment companies ...more

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Three Days Of Selling – Oh My!
Stocks do tend to go up over time, which is a key rationale for equity investing. But it is not normal for any asset class to rise unrelentingly. 
Optimism Vs. Pessimism; Or, Stocks Vs. Bonds
​​​​​​​After a long equity market rally, such as we have experienced recently, it is easy to forget that there are two fundamentally different mindsets at work in the financial universe.
Treasury Yields Jump On Hawkish Waller, Barker
Yields are beginning to reprice as investors evaluate liquidity conditions that require further monetary policy curtailment, although they’re still well below March highs despite a 50-bp increase to the terminal rate forecast.
The Inertial Market Yawns At Powell’s Presser
In theory, an FOMC meeting could have been the type of force sufficient to reverse the forward motion of the mega-cap tech stocks that have been leading the recent market advance.
Last Minute Thoughts Ahead Of The FOMC Meeting
Fed Funds futures are pricing in only a 6% chance for a 25-basis point rise, which is down from over 25% prior to yesterday’s CPI report.
I Don’t Want To Spoil The CPI Party
We had a potential market-moving force this morning in the form of CPI, but the in-line report was clearly not enough to disrupt the positive motion of US equities. 
The Asymmetries Of Fear, Greed And Monetary Policy
Liquidity injections quickly boost the stock market, while restrictive policies can take months to work their way into valuations. Greed outweighs fear in that case. Let’s examine why.
Will Chair Powell Repeat Jackson Hole’s Penalty?
Federal Reserve Chairman Powell’s highly anticipated update on the Fed’s Summary of Economic Projections this Wednesday will happen after a recent mix of surprising central bank activity from other countries
VIX Doing The Limbo Dance – How Low Can We Go?
Demand for VIX and volatility protection, in general, is a reaction to fear and greed – particularly by institutional investors.
Keeping An Eye On The Russell 2000
RTY has been ripping since Thursday. It’s clearly not a long-term trend, but its outperformance – particularly since Friday – has been stunning.
The FOMC Cha-Cha: Skip, Hike, Pause, Pivot
For much of the past few months, markets were hopeful that the FOMC would pause in its recent pattern of sequential rate hikes, then pivot to rate cuts for later in the year after a peak was reached.
Today In Gloomy Charts
For those of us who are invested in US index funds, “sell in May” would have been a mediocre strategy at best and a lousy one at worst.
AI Is Worth The Hype If Everyone Believes It
Regardless of whether AI might prove to be earth-shattering, as long as companies are willing to spend money on AI-related technology, then the companies that supply that technology will benefit.
It’s Nvidia’s World, We’re Just Living (And Investing) In It
If AI remains a relative gold rush, it’s understandable why investors would want to put their money into the most profitable seller of the required equipment.
Lots Of Rhyming History Out There
The debt ceiling, the potential path of Federal Reserve policy, and the current enthusiasm for artificial intelligence (AI) all echo history to some extent.
Would A Debt Ceiling Resolution Be A “Sell-The-News” Event?
There is some real dissonance between the amount of discussion that is occurring about the effect of a potential debt crisis on equity markets and the generally blasé nature of the markets themselves.
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