Joshua M Brown

Actually, gold RISES after rate hikes begin

If you believe that history is any guide at all when it comes to monetary policy, the dollar and gold, then this may be of interest to you… Gold has been in a death spiral of late based on the twin fears of rising rates and a dollar at decade highs. According to HSBC’s FX…

The Worst Month for Commodities Since Lehman

S&P Dow Jones Indices has a thing on commodity prices at their blog, Indexology, that is sure to raise some eyebrows. July 2015 is shaping up to be the seventh worst month for the GSCI index of 24 commodities in recorded history. The index is down 13.59%┬ámonth-to-date, a feat it has only achieved in six…

PTJ on being on the right side of the trend

There’s more than one way to skin a cat. The stuff that Paul Tudor Jones has made his billions based on does not appear in any traditional investing text book. Ben Graham would read his stuff and roll over in his grave. For example, the idea of being on the right side of a predominant…

QOTD: Ken Griffin on the Bond Illiquidity Myth

Did Dodd-Frank’s removal of banks from bond market-making activity make our markets less liquid and, hence, prone to a future crisis? Citadel’s Ken Griffin pens an op-ed in the Wall Street Journal that effectively says “Don’t believe the hype.” Griffin speaks on behalf of the new market makers (HFT shops and hedge funds) who’ve been…