From: Les H | 10/19/2021 5:36:53 PM | | | | Analysis: Bitcoin futures highlight some pitfalls for new ETFs
"There is no free lunch, however," said Martha Reyes, head of research at digital asset prime brokerage and exchange BEQUANT.
"An ETF based on futures is not ideal as there is a cost to rolling into the futures contracts, given contango ... translating into underperformance versus the underlying asset," she said.
Traders typically roll over futures to switch from the short-term contract that is approaching expiration to another contract further out in months. This rollover entails a cost.
reuters.com |
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To: Les H who wrote (28053) | 10/20/2021 10:50:00 AM | From: Les H | | | Inside Brazil’s Dangerous Battle Over Fake News BY MARIANA PALAU | OCTOBER 19, 2021 In the 2022 election campaign, Jair Bolsonaro and his followers may test the limits of democracy to protect their “right” to post.
americasquarterly.org
Bolsanaro is Brazil's Trump. If the vaccines had completed trials and gone to mass distribution under Trump's watch, I think it would've all been a different story. Everything is about attacking things that are perceived to benefit the opposition.
His Ivermectin Covid cocktails in lieu of vaccination have been a disaster. Calls to charge him for crimes endangering the population with quack remedies (probably personally profiting his cronies).
nytimes.com |
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From: Les H | 10/20/2021 10:58:56 AM | | | | Banks Disclose Tidbits of Hidden Stock Market Leverage, as Known Stock Market Leverage Surges by Wolf Richter • Oct 15, 2021
wolfstreet.com
Those 1.47 trillion dollars in reverse repos are there for the banks to hold low-risk assets on their balance sheets, giving them the ability to increase the risky assets. Since the repos are rolled over every night, they probably don't have to put up any margin. |
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