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Thanks Baron!! :)

Inflation still high and rate hike continues, that’s what’s going on.

Corn is grass!?

I’m in… since COVID let up I’ve been meeting all kinds of peeps for lunch. It’s a lot of fun! Maybe I’ll finally learn how to trade.

Holy smokes have you seen the price of grass seed? Word on the street is that the grass seed market has somehow been cornered! $90 for a 20lb bag?! WOW! That’s 4.50/lb! is there a grass seed commodity index, or a way to purchase grass seed futures? We need to start planting vegetable and...

Oh ok… I never did that. What should I say?

..or open it up for editing. I meant to say July not September. the Fed meets again in two weeks! https://www.elitetrader.com/et/threads/sep-2023-fomc-fed-fund-rate-adjustment.375229/

Is it that soon? I thought that the next decision will be made in September. See the asterisks * in the following calendar? I thought rate hikes only in meetings with economic projections. https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm EDIT: ok I’m wrong I will change to July.

My vote:+½. Note the recent +½ point move by the ECB and the surprisingly strong jobs report. Methinks that inflation is still out of control, and the Fed’s recent hikes haven’t made a difference. They’ll step a little harder on the brake, and really try to get a leash on this.

They’re fiddlin’ with the thermostat…

Anyone in the area?

Really? I tried algo trading in milliseconds and always got the worst fills. It was killing me.

Oh yeah… they’ve got a one-foot fiber connection to the exchange, news parsers, and sensors in place all over the world. How do you think you’ll fare as a retail trader working in milliseconds when they’re about 100,000x faster than you? Not the most level playing field. Now you know why I...

The in-and-out trade logic is pretty amazing, especially the technique used to avoid loss when the market moves against them. Trading in nanos when others are in mcs and even ms enables them to front-run pretty much everyone and everything.

They’re sure as hell not going to give them the crown jewels; i.e. access to the repo with their top-performing algos. Years ago I was at a party and a former Citadel guy got trashed and spilled the beans on some code logic. Pretty mind-blowing. Some of it a little questionable, but definitely...

Modern Portfolio Theory (MPT). Although from 1952, and not so “modern,” it requires the investor to understand fundamentals of a spectrum of markets. It earned Markowitz a Nobel prize in Economics. Basically normalization of portfolio returns via diversification across asset classes. It will...

Depends whst they’re doing. If they give ‘em the grunt work: post-trade, regulatory, compliance, etc they’ll learn very little about the actual trading techniques and algos.

Honestly these baby bonds are tempting me. They invest in high-risk, high-yield assets, but mitigate risk via diversification, and another layer of preferred stock to protect the bondholder. They offer a nice return. Yes they take a cut… but they’re managing the fund. It’s similar what they did...

Ooh… I thought of a Collateralized Debt Obligation (CDO) as a generic umbrella term for any collateralized obligation; i.e. “CxO.” This would include securities such as a Collateralized Mortgage Obligation (CMO), Collateralized Loan Obligation (CLO), Collateralized Crypto Obligation (CCO), etc...

- Did you have to pay a fee to “Get your money out” of the iBonds? - Start laddering your bonds in 10k or 25k increments. - I’ve been keeping my small cash in a Marcus savings account for the interest. Using it as a sweep account for coupon payments, paycheck direct deposit, and other stuff...