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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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Calm Markets And Cognitive Dissonance
Although markets seem to be stabilizing, we still see a substantial amount of concern being priced into short-term fixed income markets. 
Another Day, Another Worry
Considering the asymmetric level of risk and reward when a banking crisis rears its head, it should not be too surprising that few seem eager to take on too much risk over the weekend.
“Peak And Pause Do Not Mean Pivot”
The latest FOMC meeting is now behind us, though not without its share of drama.
What To Expect When You’re Expecting The FOMC (March 2023 Edition)
The FOMC doesn’t typically surprise markets, and no hike would now be considered a surprise.
Generation Gap Meets Duration Gap
There is a critical difference between now and the past 15 years. We have inflation. Lots of it.
Bank Concerns Propel Liquidity Levels
Monetary policy operates with long and variable lags and is likely to weigh further on consumer spending and economic activity later this year.
Fear Of Missing Out Vs. Actual Fear
A wide range of equity and bond ETFs saw inflows yesterday. What was surprising was not the flows per se, but their magnitude. 
OMG – They All Have 0DTE Options Tomorrow!
Eventually, all options become 0DTE. Tomorrow is one of those days.
Withdrawals – Real And Metaphysical
Bank runs occur when nervous depositors attempt to withdraw their funds en masse. But a different sort of withdrawal is causing the recent run of market jitters.
Return Of Capital > Return On Capital
Under normal circumstances, investors manage a delicate tradeoff between risk and return, hoping to utilize their funds as efficiently as possible given their risk tolerances and mandates. Not today.
Once More, If You Can’t Price Risk-Free Assets…
What separated yesterday’s selloff from a garden-variety decline was the move in short-term fixed income.
Aftermath Of A Big Wake Up Call
Even though we gave back all of Friday’s big gains, we never re-tested Thursday’s lows. As a result, the technical factors that have been supporting this year’s advance in stocks remain in place.
Goldilocks Comes Out Swinging
Markets might remain relatively calm in the short-term, but it is hardly a foregone conclusion that the calm will persist.
Who Ya Gonna Believe – Technicals Or Fundamentals?
Technicals vs. fundamentals is one of the existential questions that have befuddled investors for ages. For the most part, they generally agree. If not, we have to determine which is correct.
Inflationary Pressures Pick Up Steam
Consumer sentiment is bouncing along low levels as financial conditions tighten and inflation persists.
Sale On Volatility, Aisle 2
It's amazing how quickly market mentality can shift. The latest evidence is in the recent quick drop in the Cboe Volatility Index (VIX).
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