PerspectivesEditor's selection
Finding perspective in a changing world
Information is abundant. Context is harder to find. Separate headlines, prices and expectations to see more clearly.
Markets · Trading · RiskLast published
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All articlesBacktesting Beyond the Equity Curve
Historical simulation needs explicit rules and realistic assumptions. A strong curve does not replace independent samples and forward observation.
Bond Price, Coupon and Yield: Three Different Numbers
Coupons describe contractual payments, while yield also depends on price and time. Identify the measure before interpreting bond news.
Treasury Yield Moves Can Have Different Meanings
Rising yields may reflect growth, inflation or policy changes. Their implications depend on the underlying driver.
Brent and WTI: Why Benchmark Spreads Change
Origin, quality, transport and contract structure affect crude benchmarks. Their spread reflects more than a simple popularity ranking.
What Buying or Selling a Currency Pair Means
A currency-pair direction involves two currencies. Identifying the base currency helps separate opening direction from closing an existing position.
What a Candlestick Contains: Start with Four Prices
Use open, high, low and close to understand candle bodies and wicks, along with the limits of this compressed price record.