ProfitScore Update – June 2023
To the clients and friends of ProfitScore: A recent study from the US central bank has set off alarms in the financial sector, signaling a record increase in American businesses under financial distress and the possibility of intensified ramifications from the Federal Reserve’s war on…
ProfitScore Update – August 2022
To the clients and friends of ProfitScore: As has been previously mentioned ProfitScore has two trading constructs for both our treasury program and our equity program. Specifically for our Equity program, we use two systems, one is for low volatility and one is for high…
ProfitScore Update – July 2022
To the clients and friends of ProfitScore: One of the core tenants of ProfitScore trading discipline is the concept of “market states.” ProfitScore believes that knowing what market state you are in dramatically increases your chance of success. ProfitScore specializes in trading equities and US…
ProfitScore Update – April 2022
To the clients and friends of ProfitScore: Institutional investors know ProfitScore primarily for our US Treasury work, but few investors know about our expertise in trading US equities. ProfitScore has provided equity research and sub-advised equity programs to the RIA channel for over two decades. In…
ProfitScore Update – January 2022
To the clients and friends of ProfitScore: The expectation of heightened volatility for 2022 did not disappoint in January. The VIX rose to just short of 32 in late January, its highest level since January 2021, settling at 24.38 by month’s end. According to weekly data published…
The Currently Odd Volatility of Long-term US Treasuries
The US sovereign bond market is traditionally viewed as a safe-haven by investors. When US equity markets are under stress, investors generally purchase US Treasury bonds, pushing yields lower and bonds higher. Traders seeking convexity prefer buying the long-end of the yield curve, which causes the…