Jack Schwager, co-founder of FundSeeder and author of the "Market Wizards" series, joins Moritz Seibert, CEO and CIO of Munich Re Investment Partners, to give a glimpse into the heads of the world’s best investors. Through the lens of his latest book, "Unknown Market Wizards: The Best Traders You’ve Never Heard Of," Schwager finds his [...]
This is an excerpt from our Monthly Macro View. If you'd like to have full access to our Monthly Marco View, please have a look at our subscription options. Thursday's ECB meeting hinted at more monetary stimulus in light of a growing rate of COVID infections and increasing restrictions as well as lockdowns across Europe. [...]
This is an excerpt from our weekly 2Q Portfolio report. If you'd like to have access to the full report, including details about the 2Q Portfolio, please contact us. Last week US stocks had their biggest rally in three months. Why? It may be the expectation of a “blue-sweep” with the Democrats winning unified control [...]
Bitcoin spot prices fell last week, coming close to the USD$10k level. In line with this decline, the implied funding spreads of the CME and ICE futures contracts narrowed substantially, trading below 10% annualized since Wednesday. We therefore decided to close our positions on Wednesday to realize the gains of our Cash & Carry trade. [...]
Our BTC Cash & Carry positions performed flat last week. The combined PL of our ICE and CME trades now stands at $1,634 gross ($1,399 net). We are now 67 days into our ICE trade and 29 days into our CME trade. Trade history 22 Jun: Sell 2 July 2020 ICE Bitcoin futures contracts at [...]
“Gold is money. Everything else is credit.” J.P. Morgan, 1912 I think that’s a great quote. Old but gold, so to say. Now, more than 100 years later there’s Bitcoin. If gold = money, does that mean digital gold = Bitcoin, and does that therefore mean Bitcoin = digital money? I don’t know whether [...]
Our BTC Cash & Carry positions performed well last week as the BTC futures basis decreased on the back of falling spot prices. The combined PL of our ICE and CME trades now stands at $1,639 gross ($1,407 net). We are now 60 days into our ICE trade and 22 days into our CME trade. [...]
The combined PL of our ICE and CME trades was essentially flat this week and stands at $999 gross ($786 net). We are now 53 days into our ICE trade and 15 days into our CME trade. Trade history 22 Jun: Sell 2 July 2020 ICE Bitcoin futures contracts at $9,482.5 22 Jun: Buy 2 [...]
By now you may have read about our Bitcoin Cash & Carry trade, which is a non-directional trade aimed at exploiting the funding premium implied in Bitcoin futures markets. However, we are convinced that holding a directional long exposure in Bitcoin – maybe in addition to a Cash & Carry trade – is an [...]
Our BTC cash & carry trades performed very well this past week as the basis between spot und futures narrowed substantially. The combined PL of our ICE and CME trades amounts to $989 gross ($779 net). We are now 46 days into our ICE trade and 8 days into our CME trade. Trade history 22 [...]
