Author: Charlotte

Every trading day asks the same question: will markets rise or fall relative to the median? Our analysis of more than 6,600 S&P 500 trading days using a Markov Chain model — methodology available upon request — finds that the odds of tomorrow being “Up” or “Down” have historically hovered near 50/50, regardless of the prior period’s result. In this data set, the market has shown no exploitable memory: no pattern in past returns has reliably predicted what comes next. That is a central reason market timing is so difficult to execute successfully, and why staying invested has historically rewarded…

The calculation of the amount of property tax, other than land plots, on residential real estate objects owned by individuals is carried out by the controlling authority at the place of the tax address. The Main Department of the State Tax Service in the Zakarpattia region reminded that owners of residential and non-residential real estate can check the data specified in the tax notification-decision, in particular the area of the object, applied benefits, and the amount of accrued property tax, other than land plots. The tax base of the residential real estate object(s), including their shares, owned by an individual…

AI is changing careers in quant finance, and not just for your average quant in a bank. Electronic trading firms and market makers have spent years hoovering up elite talent, and AI is making them even more productive. It might also make that same talent more likely to leave…Click here to join the bubble by eFinancialCareers, our new anonymous community. ✍️How do electronic trading firms use AI?AI is a broad field and quant firms have been using it for a long time. Machine learning tools like natural language processing (NLP) and computer vision have been used by quants for decades; they…

The Singapore Exchange just made its most aggressive move yet to dominate Asia’s derivatives market. SGX signed a new licensing agreement with MSCI Inc. that will bring up to 100 new futures and options contracts to the exchange, covering everything from global developed-market benchmarks to sector-specific indexes across Emerging Market Asia. The initial phase alone will roll out roughly 40 contracts. What the deal actually covers The new contracts will span three broad categories: global developed-market benchmarks, Asia-Pacific single-country indexes, and Emerging Market Asia sector indexes. That’s a meaningful expansion from SGX’s existing MSCI product suite, which has historically focused…

Lower Saxony Tax Court, judgement of 10 July 2025 – Ref. 5 K 26/24, final and binding.The parties involved are disputing the VAT treatment of trading in non-fungible tokens (NFTs). NFTs were also popular products on the crypto market last year because they offer artists the opportunity to make works of art available to a wide audience in a new way. NFTs are cryptographic tokens that are generated by a blockchain as a special type of distributed ledger technology (DLT) and are unique rather than interchangeable or fungible. An NFT can only be acquired as a whole and only exists…

Wall Street is banking heavily on exchange-traded funds that give investors artificial intelligence exposure, according to J.P. Morgan Asset Management.The firm’s “Guide to ETFs,” which came out this month, finds it’s a top five theme by assets under management — even as volatility hit the group in the second quarter.”Many [themes] are morphing towards AI and the ecosystem surrounding AI,” Jon Maier, the firm’s chief ETF strategist, told CNBC’s “ETF Edge” this week.Maier, who led the insights team that published the report, also highlighted an overlapping relationship between AI-themed ETFs and infrastructure.”It’s all kind of feeding into the AI story…

Pyongsong’s city center. (Bjørn Christian Tørrissen) “The official salary from my workplace is about 30,000 North Korean won a month. But feeding our family of four takes more than 800,000 won a month.” A factory worker in North Korea told Daily NK this recently. Do the math. Saving an entire salary without spending a single won would take more than two years and would only cover one month of food for the family. Firewood, electricity, transportation, children’s education and medical costs push the math even further out of reach. Living on an official salary alone is essentially impossible, the factory…

Wall Street bets big on AI-themed ETFs as JPMor… Pluang Source link

Bitcoin drops below $65K as US-Iran tensions pu… Pluang Source link

The airport expansion is establishing a connected economic and residential zone that could shape Dubai’s next decade of real estate demandThe AED128 billion ($35 billion) expansion of Al Maktoum International Airport is accelerating investor interest across southern Dubai, as aviation, logistics, employment and residential development begin to form a new real estate growth corridor.The future airport is designed to accommodate up to 260 million passengers annually, alongside 12 million tonnes of cargo, five parallel runways and more than 400 aircraft stands. Its first major phase is expected to provide capacity for approximately 150 million passengers a year, making the development…