Global Mail Archive
This is where you can find all of our Global Mail articles from Ivan Martchev.
6-30-20: My Real-Time COVID Indicator is Flashing Red
by Ivan Martchev June 30, 2020 A few decades ago, some trading software had a feature right next to the last quote which showed 10 to 15 colored bars. If there was [...]
6-23-20: Quad-Witching Expiration Miracles
by Ivan Martchev June 23, 2020 Last Friday was quadruple witching expiration day, which means options on futures, the futures contracts themselves, and options on stocks and indexes all expired on the [...]
6-16-20: “We Print it Digitally” – Fed Chairman Powell
by Ivan Martchev June 16, 2020 We have so far added over $3 trillion to the Federal Reserve balance sheet since the corona-recession began in February – as recently confirmed by NBER. [...]
6-9-20: The Countless Asterisks in the Non-Farm Payroll Report
by Ivan Martchev June 9, 2020 I saw a political ad touting “the greatest jobs report ever” on the day the May jobs report came out. It sounded so out of touch [...]
6-2-20: Why Silver Is Moving Up Faster Than Expected
by Ivan Martchev June 2, 2020 Back in March, I commented that the gold-silver ratio went to an all-time high around 130-1, indicating that gold bullion relative to silver bullion was the [...]
5-27-20: 2020: The Year of the Bat
by Ivan Martchev May 27, 2020 According to the Chinese Zodiac, 2020 is the Year of the Rat, but if we could rewrite history, we would change just a single letter to [...]
5-19-20: The Banks Are Likely to Take Out their March Lows
by Ivan Martchev May 19, 2020 I have seen this level of dire relative action in the banking sector only one other time – in 2008. Before the banking sector bottomed in [...]
5-12-20: This is a Different Type of “V” Shaped Stock Market Recovery
by Ivan Martchev May 12, 2020 In conversations with investors, I sense that many see parallels to the infamous V-shaped bottom in the fourth quarter of 2018 and the first quarter of [...]
5-5-20: “Computers Gone Wild”
by Ivan Martchev May 5, 2020 If it weren't for the elimination of the uptick rule in 2007 and the subsequent infiltration of high-speed computerized trading, the volatility in the stock market [...]
4-28-20: It’s Often Darkest Before the Dawn
by Ivan Martchev April 28, 2020 It is not often that gold bullion moves more or less in the opposite direction of other commodities, but this year gold bullion has doubled relative [...]
4-21-20: One for the Record Books
by Ivan Martchev April 21, 2020 It would appear that we priced in a recession one month after hitting an all-time high of 3393 in the S&P 500 in late February, then [...]
4-14-20: Never Short the Fed
by Ivan Martchev April 14, 2020 If rapidly expanding spreads to Treasuries for both high-yield and investment-grade corporate bonds typically indicate a recession, do rapidly contracting credit spreads indicate an economic recovery? [...]