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How Jim Simons Built the World’s Greatest Quant Fund

By: Justice Clark Litle

Jan 22, 2021 | Educational

Jim Simons, the legendary mathematician, hedge fund manager, and quant, retired a few weeks ago from board chairman duties for Renaissance Technologies (RenTech), the firm he started with partners more than 40 years ago. He is stepping back at 82 years old. Simons and his firm are best known for their Medallion Fund, which first began trading in 1988. The…

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Fifty Years of U.S. Dollar Policy — and Preparation for What’s Next

By: Justice Clark Litle

Jan 20, 2021 | Educational

With a daily volume of $6.6 trillion, the foreign exchange market is larger than any government. Given that reality, no U.S. presidential administration has true control over the direction of the dollar. But all of them like to pretend that they do. On Tuesday, incoming Treasury Secretary Janet Yellen gave confirmation testimony to the U.S. Senate. In that testimony, Yellen…

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Guest Editorial: Five Tech Predictions for 2021

By: TradeSmith Research Team

Jan 18, 2021 | Educational

Editor’s Note: The markets and the TradeSmith offices are closed for the Martin Luther King, Jr., holiday, so today we’re sharing a guest editorial from our friend Jeff Brown at The Bleeding Edge that we thought was particularly insightful. We hope you enjoy these predictions for 2021; we’ll be back tomorrow with our own thoughts on the market and the…

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Scenes from an Epic Market Mania: Bull Raids and Meme Stocks

By: Justice Clark Litle

Jan 15, 2021 | EducationalNews

Speculative areas of the market are not just red hot, they are white hot. Initial Public Offerings (IPOs), a barometer of speculative froth, are on fire. In the past few days alone: Petco Health and Wellness (WOOF) jumped more than 63% on their first day of trading. Poshmark (POSH) saw its share price more than double on the first day….

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Why a New Commodity Supercycle Could Now Be Underway

By: Justice Clark Litle

Jan 14, 2021 | EducationalNews

Goldman Sachs thinks a new commodity supercycle could be underway. We think they might be right. If they are in fact right — which is easily possible — base metals like copper, along with other commodity staples widely used in construction, vehicles, and home appliances, could be looking at price gains that stretch out over a decade, or even multiple…

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Bitcoin Will Not Replace the U.S. Dollar (It Will Do Something Better Instead)

By: Justice Clark Litle

Jan 13, 2021 | EducationalNews

As the institutional world starts taking Bitcoin seriously, new questions are emerging. For instance: Will Bitcoin replace the U.S. dollar? Will it push aside major fiat currency competitors? Could Bitcoin usher in a fiat-free world? In our view, the answer is “no” three times over. The destiny of Bitcoin is not to replace or dominate fiat currencies. It is to…

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Inflation Expectations are Materializing in the Bond Market

By: Justice Clark Litle

Jan 12, 2021 | EducationalNews

If you want the most elegant case for why inflation is a risk in 2021, it might just be the trajectory of M1 over the course of the past year…

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When Amazon Prints Your Nikes — Implications of a 3D-Printing Revolution

By: Justice Clark Litle

Jan 04, 2021 | Educational

3D printing — also known as additive printing — is a transformative technology that will usher in dramatic change. The disruptive dominance of 3D printing, which is closer than most realize, will be a hallmark of the transition to mankind’s fourth great age, the information age. (The prior three were the stone age, agricultural age, and industrial age.). This might…

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The Crucial Differences Between Monetary Policy and Fiscal Policy

By: Justice Clark Litle

Jan 01, 2021 | Educational

Editor’s Note: As we finally enter 2021 — goodbye forever, 2020! —  the old Wall Street phrase “Don’t Fight the Fed” could be recast as “Don’t Fight the Fiscal.” With government spending set to dominate the investment look for years to come, the final installment of our “best of” series revisits the difference between monetary policy measures and fiscal ones….

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‘Balance Sheet Recessions’ and the Inflationary QE Endgame

By: Justice Clark Litle

Dec 31, 2020 | Educational

Editor’s Note: Japan was the first rich industrial nation to experience a modern-day “Balance Sheet Recession” — the phenomenon where bloated private sector corporations focus on slimming down balance sheets, or buying back shares, rather than investing for future growth. In today’s “best of” installment, we explain how balance sheet recessions work — and look ahead to the inflationary endgame….

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