Financial Market Themes

Edge is a repeatable process in which a trader can expect to make money over time, net of costs and fees. In other words, edge can be thought of as a trading process with positive expected value. Expectation is integral when defining edge.

A shortish video discussing current market price action using a lot of the concepts from the Market Frameworks Report series. […]

This is the follow up Video Note for our Market Frameworks series. The topics discussed in the video build on […]

When playing a new game, the first thing people usually do is learn the rules and game mechanics. Sometimes there are very few rules and the mechanics are simple. Other times, the game is more dynamic, accompanied by more complex rules and mechanics. Certain games even have different rulesets for different players.

We broke down the FTX collapse and what it means for the industry going forward.

This paper is a logical continuation and practical application of many concepts that were discussed in the report “Reflexivity & […]

Soros – “The Efficient Market Hypothesis has failed…” In the aftermath of the 2008 Global Financial Crisis, in an interview […]

Delphi Digital's Jason Pagoulatos provides a flash update on recent price action in crypto markets.

Bitcoin’s Wild Start to the Year The first week of 2022 has not been kind to BTC or the broader […]