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Started trading in equities in 2004 and FX in 2008
Has worked with DailyFX since attending college in 2008 starting with an internship
Has consulted multi-national firms on FX hedging and has lectured at Duke Law School on FX derivatives trading
B.A. in Economics & B.A. in Political Science from Lafayette College
CFA charterholder as of August 2017
Most Important Trading Lesson Learned
“Trading is about taking decisive action, but you need to be divorced from your emotions. Getting married to a position in the market is a result of many cognitive biases interfering with a sound trading and investment strategy. It’s important to remain objective and be willing to admit defeat as soon as the evidence accumulates against your favor. It’s better to take a small loss and admit you were wrong than take a big loss because you insisted that you were right.”
Markets are quiet because we’re in the pre-FOMC drift, but also because #ger #fra UEFA Euro game.
Barring something unexpected, probably remains a low vol environment until June Fed meeting wraps up tomorrow.
Semiconductor shortage? Outrageous lumber prices? Used cars? Those narratives are all in the data:
- Motor vehicles & parts -3.7%
- Furniture & home furniture stores -2.1%
- Electronics & appliance stores -3.4%
- Building materials -6.9%
May US retail sales miss expectations at -1.3% vs -0.7% exp (m/m). Core misses as well, -0.7% vs +0.4% exp.
But a look beneath the hood tells a familiar story: supply chain constraints have lifted prices, so consumers are spending less.
Ukrainian President Zelensky says that Ukraine has been admitted to NATO. No word out confirming from @POTUS or @SecBlinken.
If true, not the kind of development that would make Russia/Putin happy. https://t.co/dRSAUz7t0t
The charts don't reflect it, but there was an ECB meeting today - and ECB President Lagarde is actually talking now!
$EURUSD a mere +0.05% on the day, even after the US inflation report.
Feeling like it's going to be a "World Cup"-like summer for FX markets.
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