Senior Equity Derivatives Trader

Simon Harris

Event-Driven

<ul>
<li>Weekly summary of vol changes and moves across Global Markets</li>
<li>Analysing ATM volatility and skew changes over the last 5 days</li>
<li>We suggest a few trades to take advantage of the implied vol surfaces</li>
</ul>


Weekly summary of vol changes and moves across Global Markets
Analysing ATM volatility and skew changes over the last 5 days
We suggest a few trades to take advantage of the implied vol surfaces


EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades-Central Banks Decide

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>The WTR Sustainable Index underperformed the broader market, falling 3.6% W/W versus the S&amp;P 500 Index (down 1.3%) and the Nasdaq Index (down 1.4%), but in line with the Russell 2000 Index (down 3.6%).</li><li>Energy Technology (14.9% of the index) contributed to the index’s underperformance, falling 3.7%, while Industrial Climate and Ag Technology (6.5% of the index) was down 2.4%, ClimateTech Mining was down 3.7% and Advanced Transportation Solutions was down 5.3%.</li><li>Top 10 Performers: ALLIF, NILI, GTEC, HYSR, FE, ETL, LNZA, LBNK, NGPHF, FNI</li></ul>

The WTR Sustainable Index underperformed the broader market, falling 3.6% W/W versus the S&amp;P 500 Index (down 1.3%) and the Nasdaq Index (down 1.4%), but in line with the Russell 2000 Index (down 3.6%).Energy Technology (14.9% of the index) contributed to the index’s underperformance, falling 3.7%, while Industrial Climate and Ag Technology (6.5% of the index) was down 2.4%, ClimateTech Mining was down 3.7% and Advanced Transportation Solutions was down 5.3%.Top 10 Performers: ALLIF, NILI, GTEC, HYSR, FE, ETL, LNZA, LBNK, NGPHF, FNI

Weekly Sustainable Investing Surveyor - Week Ended September 8, 2023

Head of Research, Steno Research

Emil Moller

Head of Research

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul>
<li>In a week where the USD is celebrating its longest rally streak in 9 years with 8 consecutive weeks of outperforming currency peers, it’s noteworthy how both commodities have remained resilient and energy managed to rally</li>
<li>Not only does this reinforce our US bull case, but it also lends support to my recent bearish stance on emerging markets</li>
<li>US imports being down some 5% on a YoY basis for Q2 is not exactly helping struggling players here either.</li>
</ul>


In a week where the USD is celebrating its longest rally streak in 9 years with 8 consecutive weeks of outperforming currency peers, it’s noteworthy how both commodities have remained resilient and energy managed to rally
Not only does this reinforce our US bull case, but it also lends support to my recent bearish stance on emerging markets
US imports being down some 5% on a YoY basis for Q2 is not exactly helping struggling players here either.


Positioning Watch: The USD Wrecking Ball & Oil’s Roaring Rally

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

<ul>
<li>The most pre-announced recession in human history is still yet to arrive and I don’t think it’s possible to find a period in time where the economist consensus has been continuously on the bearish side of actual outcomes, outside of the one we have just been through.</li>
<li>From a soft landing to a hard landing to NO landing.</li>
<li>That has been the pattern for economic projections both in Q4-2022 and Q1 to Q4-2023.</li>
</ul>


The most pre-announced recession in human history is still yet to arrive and I don’t think it’s possible to find a period in time where the economist consensus has been continuously on the bearish side of actual outcomes, outside of the one we have just been through.
From a soft landing to a hard landing to NO landing.
That has been the pattern for economic projections both in Q4-2022 and Q1 to Q4-2023.


Steno Signals #62 – The Recession Is Called Off (By Consensus)

Cross Asset Strategy

<ul><li>Here, we’re all about diving into market positioning to uncover some exciting insights about the bigger picture.</li><li>As always, we’ll be digging into the data, pulling out the key points, and spotting the most interesting market trends for you.</li><li>Without further ado let’s jump right into itAs we cautioned back in July, it’s no surprise that volatility has been on the rise throughout August.</li></ul>

Here, we’re all about diving into market positioning to uncover some exciting insights about the bigger picture.As always, we’ll be digging into the data, pulling out the key points, and spotting the most interesting market trends for you.Without further ado let’s jump right into itAs we cautioned back in July, it’s no surprise that volatility has been on the rise throughout August.

Positioning Watch: Has the August Pain Weakened the Bulls?

United States

The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ. No security can have more than a 24% weighting. The index was developed with a base value of 125 as of February 1, 1985. Prior to December 21,1998 the Nasdaq 100 was a cap-weighted index.

Nasdaq-100 Stock Index (NDX INDEX)

EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades-Central Banks Decide

A weekly look at spot, vol and skew changes across 8 global Indices. We analyse the changes and try to identify the best trades based on the vol...

Simon Harris

Weekly Sustainable Investing Surveyor - Week Ended September 8, 2023

The WTR Sustainable Index underperformed the broader market, falling 3.6% W/W versus the S&P 500 Index (down 1.3%) and the Nasdaq Index (down 1.4%)

Water Tower Research

Positioning Watch: The USD Wrecking Ball & Oil’s Roaring Rally

In a week where the USD is celebrating its longest rally streak in 9 years with 8 consecutive weeks of outperforming currency peers, it’s...

Steno Research

Steno Signals #62 – The Recession Is Called Off (By Consensus)

The most pre-announced recession in human history is still yet to arrive and I don’t think it’s possible to find a period in time where the...

Steno Research

Positioning Watch: Has the August Pain Weakened the Bulls?

Here, we’re all about diving into market positioning to uncover some exciting insights about the bigger picture. As always, we’ll be digging into...

Steno Research