The market is neither rational nor irrational and professional traders avoid the temptation to project their concept of rationality onto it. Way of the Trader

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A Mid-Year Review of My Trading Themes for 2018

In June, as the people of Argentina nurtured dreams of World Cup glory, their government discreetly reached an agreement with the IMF for a $50bn bailout. Considering the country’s troubled past with international creditors, this was a remarkable about-face by the administration.
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For those who didn’t 'Sell in May and go away'

The summer trading season ‘officially’ begins after Memorial Day in the US, which fell on May 28 this year. For those who didn’t sell in May and go away, there is a lot to stick around for. Yesterday (June 4), the S&P500 made its third attempt to get above the level of 2750.
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