South Korea and Samsung: an Overview
South Korea macroeconomic overview: a tired tiger? South Korea has been one of the fastest growing economies in the world: in little more than a... The post South Korea and Samsung: an Overview...
View ArticleHennes & Mauritz AB: A Bear in the Swedish Woods
Introduction Firstly, we briefly present H&M business. Secondly, we provide a report of recently announced Q1 2017 results. Thirdly, we perform a DCF and multiples... The post Hennes & Mauritz...
View ArticleMarket Recap 23-04-2017
United States Amidst continued geopolitical uncertainty and mixed corporate earnings results, US equities experienced a week of sideways movement. Later in the week however, the... The post Market...
View ArticleThe Economic Aftermath of Erdogan’s Quest for Power
Over the last couple of months Turkey has been greatly divided over President Recep Tayyip Erdoğan’s proposal to augment the executive powers of his position.... The post The Economic Aftermath of...
View ArticleThe FED and the Balance Sheet: Shrinking the Giant
Trump’s election and his plan of loose fiscal policy put upward pressure on US inflation. In order to cool down the economy on the verge... The post The FED and the Balance Sheet: Shrinking the Giant...
View ArticleTrumponomics: Regional vs. International Banking in the US
Introduction This article discusses the impact of Trumponomics (Trump’s economic program) on the valuation of regional and international banks’ stock prices. It starts by providing... The post...
View ArticleAre There Free Lunches? Evidence from Stock Markets
Introduction In this article, after a brief introduction to efficient market hypothesis and the very basics of technical analysis, we implement two different trading strategies... The post Are There...
View ArticleMarket Recap 30-04-2017
United States After the French election relief and solid first quarter earnings reports the US equities finished the week higher. Slightly more than half of... The post Market Recap 30-04-2017 appeared...
View ArticleA Markowitz Walk Down Crypto-land: Modern Assets for Modern Portfolios
Introduction The purpose of this article is to apply the mathematical framework of Modern Portfolio Theory to an unconventional asset class. Cryptocurrencies, Bitcoin included, are... The post A...
View ArticleEuribor and Transactions: The Time Has Yet To Come
Introduction This article throws light on an important decision about Euribor that came out this week on May 4th. The decision refers to the conclusion... The post Euribor and Transactions: The Time...
View ArticleMarket Recap 07-05-2017
United States The S&P 500 closed the week at $2,399.29, a record high and up 0.63% when compared with the close of the previous week.... The post Market Recap 07-05-2017 appeared first on BSIC |...
View ArticleYield harvesting in US govies
Introduction In this article, we look at the yield curve of US govies, and in particular we will try to understand its flattening upon rate hikes. This puzzling phenomenon is not something new under...
View ArticleMarket Recap 26-11-17
United States Stocks were higher in the holiday-shortened week amid expectations that a strong holiday season would boost top-line growth for retailers, ending a two-week stretch of lower markets. The...
View ArticleEuro risk-free asset wanted
Introduction The introduction of the common currency started a landmark European integration process. However, the sovereign debt crisis showed all the limits of an incomplete European integration,...
View ArticleTrading the Dispersion: chapter III
Trading the Dispersion: chapter III Here is the final part of our series about the strategy known as dispersion trading. The article will first focus on an additional dispersion indicator we will...
View ArticleMarket Recap 03-12-17
United States US stocks closed mostly higher on the week ended December 1, 2017. The Dow Jones Industrial Average recorded its best weekly gain for the year, gaining 673.60 points (+2.9%) to close at...
View Article2018 Tentative Outlook – An Eye On The Future And On The Past
In this article we would like to assess the current year from a macroeconomic as well as from a market perspective. 2017 – The Year Almost Behind Us So far, 2017 has been characterized by: Synchronized...
View ArticleTrading the Dispersion: chapter I
Since the development of the Black-Scholes formula for determination of the price of options, the “implied volatility” has been an ordinary tern in markets participants’ vocabulary. Given the...
View ArticleIntroduction to Market Microstructure
The market microstructure of electronic markets is a topic that is usually left outside the “standard” set of courses within an academic degree, both at the B.Sc. and at the M.Sc. level. However, some...
View ArticleTrading the Dispersion: chapter II
Quick recap In the last newsletter we published an article providing the theoretical foundations of Dispersion Trading (in case you missed it: http://www.bsic.it/lost-dispersion-trading/). As promised...
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