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Power Trendlines

Power Trendlines Market action is heavily dominated by algorithmic trading and programs. Nothing new about that and it’s a reality of the market environment. In December algos were blamed for the steep sell-off, nobody is blaming them during the massive bounce off of the December lows. Funny that. Irony aside knowing where these algos live […]

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Joe Saluzzi: The Markets Are Still Way Too Vulnerable To A Sudden Liquidity Disappearance

Joe Saluzzi: The Markets Are Still Way Too Vulnerable To A Sudden Liquidity Disappearance HFTs remain a major issue Joe Saluzzi, co-founder of Themis Trading LLC, outspoken exchange expert, and author of the excellent exposé Broken Markets, returns to give us an update on the state of high frequence trading — otherwise known as HFT. […]

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Fake news, algorithmic sentinels, and facts from the future

Fake news, algorithmic sentinels, and facts from the future The suggestion that social media outlets need to police so-called “fake news” rings true on its face. Who wants to read news coverage known to be false? But what rates as “fake news” will be harder to define than we think. And, putting algorithms in charge […]

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Quick Take: The Risk Of Algos

Quick Take: The Risk Of Algos  “Mike ‘Wags’ Wagner: ‘You studied the Flash Crash of 2010 and you know that Quant is another word for wild f***ing guess with math.’ Taylor Mason: ‘Quant is another word for systemized ordered thinking represented in an algorithmic approach to trading.’ Mike ‘Wags’ Wagner: ‘Just remember Billy Beane never won a […]

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Our Brave New ”’Markets”’

Our Brave New ”’Markets”’ How HFT algorithims risk a massive sudden sell-off One thing is clear: These aren’t your daddy’s markets anymore. Why?  Because about 10 years ago the Rise of the Machines (aka high frequency trading algorithms) completely altered the terrain of what we call the ‘capital markets.’ Let’s look at this as a before […]

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America’s “Soaring” Gasoline And Oil Demand Was Just An Illusion: How The EIA Fooled The Algos

America’s “Soaring” Gasoline And Oil Demand Was Just An Illusion: How The EIA Fooled The Algos When it comes to “real-time” measurements of crude demand and supply, the data is notoriously bad (and perhaps, according to some, intentionally manipulated). We pointed this out most recently in early March when we that according to IEA data, crude […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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