We live in an outwardly tranquil point in stock market history, judging by observed market volatility. It is a financial environment that would appear to be a “World Without Risk,” which is the title of Macquarie Research’s latest missive. On the day University of Chicago Professor Richard Thaler received a Nobel Prize for recognizing the illogical behavioral influence humans can have on markets, the debate over control those markets is raised. This comes as central banks start to ever so slightly loosen their historic grip on what are real negative interest rates in many regions, and a question surfaces: Can…
Big Bank Warns Of Danger In A "World Without Risk"
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.