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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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Economic Data Hints At Stagflation
This morning’s retail sales report featured a sharp decline in US consumption to start off the new year, signaling the possibility of consumer fatigue following a robust holiday season.
A Valentine To Volatility
Every so often we need a reminder that even the most bullish of markets is susceptible to pullbacks. We got one yesterday.
Who’s Zoomin’ Who? (NVDA Edition)
Sometimes we have to struggle to look for a narrative about what is propelling indices in one direction or another. Lately, Nvidia is the equity market’s turbocharger.
The Underappreciated Role Of Zero-Dated Options In The Current Rally
In the past year we’ve seen numerous days when modest rallies turned into big moves seemingly out of nowhere – and more often than not, those rallies have stuck.
From T+1 To Artificial Intelligence
For those unfamiliar, there will be a change coming to the settlement cycles for North American equities.
Today Is Volmaggedon’s Sixth Anniversary
The current setup has some elements that might recall the run-up to the events that precipitated Volmaggedon, but there are crucial differences.
Options Market Expectations For Apple, Amazon, And Meta Earnings
While there is a modest implied volatility plateau involving at-money options, we see that there is a pronounced, steep downside skew in the front expiration, and more subtle, but still typically risk-averse skews in the following two weeks:
Options Market Expectations For Today’s FOMC Meeting
Markets are coming into today’s FOMC announcement with a markedly different tone than what we’ve seen in recent days.
The Waiting
Over the following four days, we expect to receive earnings reports from five of the remaining Magnificent Seven stocks, get a monthly Employment report, and learn the Treasury’s refunding plans for the coming quarter.
Tesla Collides With Reality
The problem for the company is that investors now expect a big fat T-bone and are disappointed when they only hear a sizzling platter from across the way.
Magnificent Seven May Need A Roster Change
Who remembers FAANG? For a few years, it was the small group of stocks that led the market’s advance.
It’s NVDA And Everything Else
Over the past five days, NVDA has exerted something of a gravitational pull on NDX and COMP:
Clues To Solving The Markets’ Key Contradiction
Fed Funds futures are pricing in at least six rate cuts for 2024, with a roughly 60% chance for a seventh by December.
Investors Only Care About Data That Buoys The Rate Cut Narrative
Investors are ignoring yesterday’s hotter-than-expected Consumer Price Index in favor of this morning’s lighter-than-expected Producer Price Index.
Welcome To “Head Fake Thursday”
It was fascinating to see this morning’s attempt at a record despite a piece of negative economic news.
If: Contradictory Data; Then: Pick Which Fits The Preferred Narrative
With all eyes on one of the most consequential economic reports on the calendar, markets chose instead to focus on a piece of the less-anticipated ISM data.
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