Out of Order Volatility: Terra firma; Ipso facto.

The Turkish Economic data came out relatively well and in support with the global synchronized growth narrative. Here are the 🔑 data prints: < strong>Gross Domestic Product (GDP) increased by 11.1% in the chain linked volume index< strong>Final consumption expenditure of resident households and consumption of NPISH increased by 11.7%< strong>Exports of goods and services … [Read more…]

Cost of Carry Model: Audax At Fidelis.

This is part 2 of this Theory is Normal Backwardation thread posted yesterday. Commodity Modeling When considering consumption commodities or investment assets, the cost of carry model summarizes the relationship between the Spot price (S0) of the commodity and the Forward price (F0) of the commodity. The current Spot price is the price in the … [Read more…]