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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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Retail Sales Send Yields To The Nosebleeds
Economic growth shows no sign of slowing as households enjoyed shopping sprees last month.
PPI Eases Inflation Fears
This morning’s Producer Price Index (PPI) showed that wholesale price increases decelerated last month, pointing to softening inflationary pressures in the pipeline and the possibility of lighter consumer inflation in the coming months.
Mr. M2 To Mr. Market: “Hey, Don’t I Matter Anymore?”
We can see that money supply rose slowly in the 1960s, more quickly in the 1970s and 1980s, stalled a bit in the ‘90s, then generally rose exponentially, with a huge jump in the covid-era. 
Rising Bond Yields Risk Eclipsing Stock Market Gains
Except for the banking crisis of early 2023, stocks rose along with bond yields until the end of July. At that point, rates began to rise convincingly above the 4% level, and stocks began to suffer.
A Few Quick Thoughts About Payrolls And Recent Volatility
Another month, another upside surprise in Nonfarm Payrolls. Another day, and another bout of volatility.
A Double-Bottom In Oil Might Freak The Fed
The recent bounce in crude oil prices appears to be a potential double bottom.
A Sour Apple
One of investors’ favorite stocks has been underperforming the S&P 500 for several weeks lately, falling from $200 to $170 during that time frame.
Puts On Hard-To-Borrow Stocks Are Not A Free Lunch
As with any market price, the cost to borrow a stock reflects the relative balance of supply and demand. The vast majority of stocks have a plentiful supply of borrowable shares relative to the demand for shorting them.
Imagine If We Could Annualize This Quarter…
It sometimes feels like we’re going to continue to rally steadily and uninterrupted. But common sense tells us that seems impossible.
Meme Stocks: The Sequel
While monetary conditions are hardly as loose right now, it is nonetheless apparent that we have been in a market that has been driven by momentum.
Why Do We Need Rate Cuts?
Stock and bond markets had a banner week last week; originally because of hopes that the FOMC and Chair Powell would offer dovish commentary.
Don’t Sleep On Global Stocks
ESTX50 and DAX have kept up with SPX over the past three years and six months, even if NDX outpaces them nonetheless.
What Options Markets Expect For Today’s FOMC Meeting
Expectations for a rate cut are essentially nil, even if the probability of a June cut has crept back up to about 70%. 
“FOMO Insurance” Dominates Key Equity Options
It may seem like a quaint notion to a new generation of YOLO-inspired speculators, but options markets arose as a way to transfer and hedge risk.
Triple Witch And SMCI Converge Today
Today is a crucial expiration, particularly for holders of SMCI and its options.
PPI Double Beat Brings Back Memories Of Volcker, Jackson Hole
Scorching wholesale inflation data amidst this morning’s lower-than-expected unemployment claims are sending market players back to the drawing board as they reevaluate the path of potential Fed rate cuts.
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