Viking

[Viking @vikinghk]

@INArteCarloDoss Should have been Musk. Which would have created some entertaining tension in Mar-a-lago

[Viking @vikinghk]

@Big_Orrin @catchphrase26 You are confusing what an “algo” is. CTAs are typically medium term and systematic, using “algos”. The majority don’t participate intraday. Systematic traders span many time horizons. There are so many misconceptions, exacerbated by uninformed Bbg articles++

[Viking @vikinghk]

@Big_Orrin @catchphrase26 Agreed. If noise increases it’ll be reflected in the signals and weaken positioning. That’s happened. Funds will move to deferred exp to remedy some of this. However it’s been rangeb. and jittery and slow “algos”have low conviction. OI will increase if 2014 or 2022 repeats etc

[Viking @vikinghk]

@Big_Orrin See my first reply. For what it’s worth hedge funds (CTAs) are building shorts here in crude, gasoline, diesel. What intraday HFT etc are doing is not relevant in that regard.

[Viking @vikinghk]

@Big_Orrin Intraday swings are not very relevant if you are a hedge fund playing the trends (CTAs). However, range-bound regime like now with exogenous shocks means funds won’t take large “algo” positions due to weak signal and elevated 1-month volatility

[Viking @vikinghk]

@Big_Orrin That’s incorrect, at least with regards to the few hundred billions of USD in CTAs and similar “algo” funds who typically don’t have intraday signals at all! They have holding periods of weeks and months (if there is a trend)

[Viking @vikinghk]

@Schot_Capital @Forbes https://t.co/TVS5th0v6L

[Viking @vikinghk]

@financequant Why do people assume Chinese numbers are accurate?!

[Viking @vikinghk]

@fxmacro a very short vol view. supply chain disruptions and demand fallout. not to mention fear factor. copper market says this is bad. we are not in the clear yet.

[Viking @vikinghk]

@Schot_Capital @clenow It was a v strange interview. He seemed more interested in trying to make jokes/being cute, than actually answering any q properly. V vague

[Viking @vikinghk]

@lionelbarber @FinancialTimes This. https://t.co/BhMSGxpgEe

[Viking @vikinghk]

@ArtemisCM_Cole And for the Fed, as higher energy prices might lead to a decent pick-up in inflation?

[Viking @vikinghk]

@ArtemisCM_Cole The half-life of WW3 seems to be 12 hours or so in this market...