Read on the Trading Floor - 20 May 2024
Today’s focus… what inputs would you recommend?
Another quiet session as the data calendar is empty of top tier event risk, CB govenors / deputies are speaking but the message remains stuck on repeat, vol is dripping ever lower and carry remains key. On days like this it is important to take stock of one's investment process and in particular the key inputs that add value.
There is a fantastic world of research flooding through HarksterHQ, a subset of some of the Substacks that we read are recommended below (most certainly not all). If you've other content that you appreciate, that produces positive returns, challenges your natural bias and most importantly is educational, please highlight them below in the comments section.
Substack
I'm always amazed at their ability to back test price action, patterns and seasonals. History rarely repeats itself but it most certainly rhymes and Nautilus Research's investment process has produced stellar returns in trending and volatile markets alike. My bias is to fade, Nautilus has time and again saved me from challenging momentum and catching a falling knife early. The team has decades of experience in quantitative markets and it shows in their predictive data analytics.
Some examples of recent pieces
The 80/20 rule is applied to find investments in quality stocks and hold them for an extended period of time. The Pareto Principle illuminates a fascinating and often overlooked pattern: a small number of companies often contribute disproportionately to overall market returns.
As a trader who learnt his skills in FX and Fixed income markets, I find these pieces extremely informative, educational and entertaining. Afterall we read so much content, if you don't enjoy them its hard to return on a regular basis. This is not investment advice, but it has certainly expanded my investment horizon.
Some examples of recent pieces
Free, independent and balanced approach with no hype. I came across this Substack in Q4 last year and have enjoyed the cross asset flavour as the author links together well the worlds of bonds, stocks, REITS, commodities and risk management. This is not a daily read but 2/3 times a month it provides an excellent snap shot of the macro world in plain English.
Some examples of recent pieces
One of the joys of Substack is the knowledge that is past along from industry experts. Brazil Stocks is one such place as it is written by a former Morgan Stanley Equity Researcher with 20years of Brazil Stock Market Investing experience. You can probably tell by now i'm trying to evolve away from my natural core focus of FX and Fixed Income and broaden my horizons in the equity space. I've found Brazil Stocks to do an excellent job writing about individual stocks, market cycles as well as the broader macro environment impacting Brazil.
Some examples of recent pieces
The MacroTourist ()
I've been reading Kevin's stuff for nearly a decade. I think that is testimonial enough.
It's funny, it's educational, it has excellent charts and gifs and crucially it adds to my investment process... I'm not sure what more one can ask from a Substack.
Some examples of recent pieces
Stay informed throughout the day with our new commentary channel (‘Intraday Market Colour’) highlighting key notes, topics du jour, and HarksterHQ’s market updates around key data points and headlines.
Available on the Harkster Research Platform.
The information provided in this post is for general information purposes only. No information, materials, services, and other content provided in this post constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
solid company all! cheers!
Thanks for highlighting Pareto Principle!