News
Notes and thoughts on markets, quant, and what we are building at FQS.
Why Bitcoin and Ether Jumped Today
Bitcoin hit $69,000 and ether jumped about 10%, and neither move was really about crypto. Here is what actually set it off.
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SpaceX Has Been a Public Company for Two Months and the Stock Cannot Sit Still
Two months ago you couldn't buy SpaceX unless you were rich enough to get invited in. Now it trades on the Nasdaq, and the stock has been all over the place. Here is the story so far.
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Reddit Is Joining the S&P 500
Reddit is getting added to the S&P 500, and index funds now have to buy it whether they want to or not. Here is how companies get picked, and what decades of research says happens next.
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Wall Street Is About to Trade Computer Power Like Oil
The big Chicago exchange where people trade oil, corn, and cattle just added a new item to the menu: computer power. Here is what that means and why it matters.
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The $45 billion fund that fell apart in about three weeks
A hedge fund went from about $45 billion to around $10 billion in roughly three weeks, and the stock market looked totally fine while it happened. Here is what went wrong.
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The U.S. Lost 23,000 Jobs. So Why Did Stocks Hit a Record High?
The U.S. lost 23,000 jobs in July, the first drop since February, and the S&P 500 hit a record high the same day. Here is why those two things happened at once.
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