The Process (Revisited)

  It’s Monday, and it’s a great time to revisit asset allocation methodologies I am exploring. Specifically, measuring and mapping the business cycle is important to anticipate future economic growth. Further, by imploring an analysis of the term structure of the Treasury market and analyzing credit spreads I find most useful. Useful in the regard of adjusting … [Read more…]

Escondiéndose en México

  3) Viva La Mexico? – Mexico continues to be one of our favorite places to hide out in EM within the context of our #UnderweightEM and Dollar #Bottoming? investment themes – the both of which have picked up steam of late. This morning’s decelerating inflation data for the month of March was confirming of both … [Read more…]

Clearing the Mechanism

You remember that scene in, For Love of the Game, with Kevin Costner? What follows is in a sense doing just that, clearing the mechanism. ”How we live is so different from how we ought to live that he who studies what ought to be done rather than what is done will learn the way … [Read more…]

Most Recent Obsession: Greeks & Dynamic Hedging

  I’ve been going through John C. Hull’s classic, ‘Options Futures, and Other Derivatives’, and have been enthralled with the process of neutralizing the delta in your portfolio and when the opportunity arises improving the gamma and vega embedded within your positions. Below I’ve included some notes from Quora that were taken from, ‘Dynamic Hedging’, … [Read more…]