Epsilon Theory Professional

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In the Flow – Real World vs. Market World

For the first time in weeks, the recessionary fearfest narrative is now declining, not growing. And that means Treasuries will have a really hard time working, no matter what happens in equities.

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In the Flow – Sometimes the Answer to a Prayer is “No”

All of the heartfelt prayers to the Fed gods went unanswered last week. Or rather, the answer was “No.” And without a Fed backstop to US-China negotiations (where the narrative continues to worsen), we are immersed in technical uncertainty.

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In the Flow – Beating the Recession Drums

The Street is beating the recession narrative drums, culminating in Friday’s sharp sell-off in US markets. But there’s a chance for Powell to save the day, by shifting the Fed narrative to provide a market backstop to US-China trade disputes.

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In the Flow – You Don’t Have to Dance Every Dance

Ben’s weekly summary of the week that was in financial markets for the week ended December 7, 2018.

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We’re Doing It Wrong

The market is not a clockwork machine, even though we all think it is. No, the market is a bonfire.

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FAQs and Guide to Narrative

Some of our terminology, exhibits and analyses may not be immediately intuitive. We’ve assembled a short guide to help you familiarize yourself with the Epsilon Theory frameworks.

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