Brent X. Donnelly

Brent X. Donnelly

Contributor

 

Brent Donnelly is a senior risk-taker and FX market maker, and and has been trading foreign exchange since 1995. He is the author of The Art of Currency Trading (Wiley, 2019) and his latest book, Alpha Trader, is now available in bookstores worldwide.

Brent writes a well-known daily FX commentary called AM/FX and has experience as both a sell-side trader (HSBC, Citibank, Lehman Brothers) and as a portfolio manager at a major hedge fund in Connecticut. He trades tactical global macro. He has been quoted by The Economist, WSJ, Zerohedge, FT, CNBC and others.

Check out his substacks at https://50in50.substack.com/ and https://fridayspeedrun.substack.com/

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Articles by Brent:

Winner’s Tilt

By Brent Donnelly | March 31, 2022 | 9 Comments

The most damaging stories and narratives are not those that others tell us, but those that we tell ourselves.

Quitters

By Brent Donnelly | February 17, 2022 | 3 Comments

in the spirit of the question we are always asking ourselves at Epsilon Theory – WHY AM I READING THIS NOW? – Brent asks a slightly different question about announcements of senior management departures. DOES WHAT I’M READING NOW MATTER?

That Funny Feeling

By Brent Donnelly | January 10, 2022 | 37 Comments

The AI censors at YouTube banned a video by ET contributor Brent Donnelly for all the wrong reasons.

Meanwhile, the AI censors at Twitter won’t ban an impersonator for any reason.

Kinda gives you that funny feeling that we’re being played. Again.

Unanchored

By Brent Donnelly | September 15, 2021 | 7 Comments

ET contributor Brent Donnelly starts up where he left off, with a new launch of AM/FX and a new riff on the classic ET note, “Snip!”.

In the immortal words of Hunter S. Thompson, when the going gets weird, the weird turn pro!

Notes from Camp Kotok 2021

By Brent Donnelly | August 27, 2021 | 4 Comments

ET contributor Brent Donnelly with an end-of-summer compilation of the top–of-mind topics at Camp Kotok!

Day-One Advice for New Hedge Fund Portfolio Managers

By Brent Donnelly | June 25, 2021 | 5 Comments

Over the last 6 months, there’s been a mass influx of new hedge fund PMs, many from bank trading seats leaving for greener (?) pastures. I’ve been in both seats. I’ve had good years and disappointing years. So I present this advice with the utmost humility …

I’m Trying To Understand Hedonic Adjustments

By Brent Donnelly | May 10, 2021 | 13 Comments

A Honda Accord cost $12,000 in 1990 and it costs $25,000 now.

A Mustang was $9,000 and now it’s $27,000.

The BLS has new car prices close to unchanged over the past 30 years.

ET contributor Brent Donnelly tries to wrap his brain around hedonic adjustments to CPI.

Bitcoin Market Profile

By Brent Donnelly | April 28, 2021 | 4 Comments

ET contributor Brent Donnelly gives a crash course in Market Profile analysis and applies it to Bitcoin since the Coinbase IPO.

A Conversation with Howard Marks

By Brent Donnelly | March 17, 2021 | 5 Comments

ET contributor Brent Donnelly talks with Howard Marks about why traditional value investing is likely permanently impaired as a strategy and why Growth vs. Value is a false dichotomy. Boomshakalaka!

Off Wall Street and Off-Off Wall Street

By Brent Donnelly | January 22, 2021 | 10 Comments

Everything you always wanted to know about r/Wallstreetbets and Gamestop*

*but were afraid to ask