Wonder what traders are talking about today?
We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:
- Why Hayman Capital Management's Kyle Bass sees parallels with 1987
- The widespread belief that volatility is dead
- 10 tips for success from Apple (AAPL) founder Steve Jobs
And more!
So check out these links right now and get up to speed:
1) Kyle Bass says this will be the first sign of a bigger market meltdown (MarketWatch)
The stock market may never go down again.
Maybe not such a far-fetched notion, when you consider the Dow industrials yesterday nailed its 50th record close of the year and paid a visit to the 23,000 milestone, which it looks set to revisit and maybe stick to today.
2) Traders have never been more confident that volatility is dead (Business Insider)
Traders have never been so sure that volatility in US stocks is over, at least looking one month ahead.
Nothing quite demonstrates that mindset more than the chart below.
3) How Implied Volatility Works (T3 Live)
If you don’t understand implied volatility, you don’t understand options.
Period. Read this article and learn how implied volatility impacts the price of an option.
4) China's Xi lays out vision for ‘new era' led by ‘still stronger' Communist Party (Reuters)
Chinese President Xi Jinping on Wednesday laid out a confident vision for a more prosperous nation and its role in the world, stressing the importance of wiping out corruption and curbing industrial overcapacity, income inequality and pollution.
5) Bitcoin is a ‘speculative bubble' and unlikely to become a real currency, UBS says (CNBC)
Cryptocurrencies like bitcoin are in a “speculative bubble” and are unlikely to become mainstream currencies, according to UBS.
There are over 1,000 cryptocurrencies, bitcoin being the biggest by market capitalization, and many have seen huge rises in value over the past few years. Bitcoin for example is up over 470 percent year-to-date.
6) Treasury secretary: Pass a tax bill or markets will tank (Politico)
Steven Mnuchin has a stern warning for Congress: You could blow up the stock market if you fail to cut taxes.
The Treasury secretary said Wall Street’s big run-up following the election of President Donald Trump is largely based on expectations of Congress passing a major tax-relief bill, and failure to do so could have significant consequences.
7) 6 Tips for Picking the Right Stocks for Day Trading (T3 Live)
You can spend years learning about moving averages, gaps, trendlines, and indicators.
But if you’re day trading the wrong stocks, you’re setting yourself up for failure.
If you ever find yourself asking yourself “what should I trade now,” then this article is for you.
8) Volvo Prepares to Take on Tesla with a Revamped Polestar (Wired)
Volvo is in the midst of a reincarnation. The Swedish automaker is leaving behind its former life as the maker of super safe, super boxy wagons, and embracing an existence dedicated to technological prowess, electric propulsion, and svelte design.
9) Google’s AI can create better machine-learning code than the researchers who made it (TNW)
Google’s AutoML system recently produced a series of machine-learning codes with higher rates of efficiency than those made by the researchers themselves. In this latest blow to human superiority the robot student has become the self-replicating master.
10) Get Steve Job's 10 Rules for Success (YouTube)
Watch this video and learn 10 important rules for success from Apple (AAPL) founder Steve Jobs, including why you must have passion for what you do.