NEW CHART (@ 2021-03-29 03:01:37)

Positive sentiment for crypto is on the up and up! -Albert Ingles

NEW CHART (@ 2021-03-26 22:46:02)

Here are a few Bitcoin price levels to watch out for. -LSS Investment Team

NEW CHART (@ 2021-03-25 02:06:38)

Max pain for Bitcoin, based on option expiries, is $44,000. But the curve really starts to flatten out at current levels of $52K and there’s not that much to be gained by aggregate option sellers beyond it. Above $54k it starts to hurt them and the trend becomes convex. -LSS Investment Team

NEW CHART (@ 2021-03-25 01:09:47)

Loving the strength in #Cardano today compared to the rest of the pack. I know there is a lot of excitement built up about some important announcements during the #Cardano360 in about 10 hours. One of them will no doubt be a date for the completion of Goguen through the Alfonzo HF. -Albert Ingles

NEW CHART (@ 2021-03-23 21:50:47)

We have expanded and updated our proprietary crypto index, making some slight tweaks to the methodology like incorporating count of actual Github commits for the Development score. What may surprise (and we expect anger) some is that Cardano comes out on top with an AA+ rating: most active development, one of the most decentralized chains, good social and price action. Based on our index, the likes of DASH, Litecoin and Monero are probably undervalued. Overvalued coins? SUSHI, Binance Coin and VeChain. -LSS Quant Team

NEW CHART (@ 2021-03-23 03:40:36)

Lo and behold.. today's traditional assets correlation matrix. -LSS Quant Team

NEW CHART (@ 2021-03-21 02:02:28)

This chart is, at the moment, one of the most important charts in all of financial markets. It shows that the correlation between US Treasury bonds and the S&P500 has gone positive. This is the biggest fear of all risk parity strategies, as now both stocks and bonds are co-moving and diversification is hard to get by. Expect more of this in years ahead. Our thinking is that Bitcoin is the new US Treasury. -LSS Investment Team

NEW CHART (@ 2021-03-20 18:22:28)

-LSS Investment Team

NEW CHART (@ 2021-03-20 03:11:11)

Quick heads up that we have started adding some more high level statistics to the top of the performance pages. Watch out for them! -LSS Operations Team

NEW CHART (@ 2021-03-19 00:38:21)

Latest cryptocurrency ratings. -LSS Operations Team

NEW CHART (@ 2021-03-17 03:00:43)

We recently started tracking Reddit sentiment. Here's the mood on Reddit around Coronavirus lately, seems to be getting more positive. -LSS Quant Team

NEW CHART (@ 2021-03-15 03:25:24)

Introducing our new crypto rating system... -LSS Operations Team

NEW CHART (@ 2021-03-12 22:28:33)

Here's our latest correlation matrix. -LSS Quant Team

NEW CHART (@ 2021-03-12 03:15:37)

So just a heads-up that this is where we currently stand in terms of our model portfolio. At a net delta of 4%, our ALBERT risk model has pretty much tuned out of the market over the last few weeks and is now LONG oil, global high yield and Bitcoin and SHORT investment grade credit, US treasuries, gold and gold. Meanwhile it's neutral on all of the other assets. -LSS Investment Team

NEW CHART (@ 2020-08-24 01:43:06)

Look, we won't be this generous all the time.. but here's a quick snapshot of our crypto model portfolio (up 355% YTD) as generated by our investing bot Albert. As crypto markets have been trending sideways for a little (seemingly picking up again today but who knows), Albert has been gradually reducing risk and calling NEUTRAL signals on some coins. We are still 46% net long and participating on any upside, but the risks are being managed as Albert does not see a straight moonshot as super likely from here. Happy trading. -LSS Investment Team

NEW CHART (@ 2020-08-20 21:28:02)

Anatomy of a model portfolio. These are the daily return contributors on a month to date basis in August for our flagship model portfolio. Everything but JPY, US treasury and gold added to the overall positive return. -LSS Quant Team

NEW CHART (@ 2020-08-11 18:03:08)

I saw this chart doing the rounds in Stocktwits and as much as I'd like the re-coupling of precious metals and Bitcoin to occur, last night Bitcoin sold off with the traditional markets (just Gold as well and even more so). We don't feel that the decoupling of Bitcoin and S&P500 has truly taken place yet. -Albert Ingles

NEW CHART (@ 2020-08-09 21:55:18)

We are particularly proud of how our crypto model portfolio has fared through 2020, generating +341% total return year-to-date and delivering positive returns averaging 25% in 7 out of 8 months. The performance has been very stable leading to a Sharpe ratio of 7.46 which is higher than any of the underlying assets in the portfolio. How do we achieve such relatively stable returns? It's really a two-pronged approach: in crypto we currently have assets that are highly correlated with Bitcoin (Ethereum, Litecoin, Ripple) and assets that are not (Cardano, Algorand, ChainLink). We allocate to both. The long-short signals ensure we tend to be on the right side of the trade most of the time, and dynamic position sizing that takes into account risk, Sharpe ratios and the recent success (win rate) of our models ensure the rest. The result is what you see here. Positive and negative contributors on any given day with the positive on average outweighing the negative leads to stable and strong returns. -LSS Marketing Team

NEW CHART (@ 2020-08-08 00:48:23)

We haven't been tracking Reddit sentiment for all that long and certainly are aware of its biases and pitfalls to the approach. Nevertheless here are some first interesting results: Reddit sentiment for some regions and countries since we started measuring it. Apparently China has been consistently negative and became even more so today (again, we are aware of the biases behind this approach), while Latin America dipped from neutral to deeply negative to positive. Europe and Asia have been mostly persistently positive, though Asia had a deeply negative dip around the end of July. -LSS Quant Team

NEW CHART (@ 2020-08-06 20:24:45)

Interesting... for the first time in a long while we see yen and gold diverging from the pack during a bout of USD strength (note we are showing JPY/USD and MXN/USD, that is the inverse of how they are normally quoted to facilitate comparison). Euro is weakening with EM currencies while yen and gold are maintaining strength. That is a clear trend break. -LSS Investment Team

NEW CHART (@ 2020-08-05 17:22:00)

I hope the guys at Real Vision don’t mind me stealing one of their charts. This one came up during their daily review of the markets and I think it’s incredibly striking to see how the likes of Amazon, Google, Facebook and Apple have decoupled from the S&P 500 this year. -LSS Investment Team

NEW CHART (@ 2020-08-05 05:00:35)

Want to understand why there’s a relentless everything rally that not even Covid could put a stop to? This chart explains part of the story. With real interest rates now at record lows, the hunt for yield and return is now on in nearly every asset class. -LSS Quant Team

NEW CHART (@ 2020-08-05 02:04:12)

Japan and the US are now officially locked in a currency debasing contest. Abenomics saw the yen (white line) weaken a lot in the preceding decade and since 2013/14 US quantitative easing started to taper off (green line) as the Japanese doubled up year after year (purple line). Now both are going at it *hard*. Obvious beneficiary of all this? Gold (red/orange line), which has just crossed >$2000. If I were a betting man, I'd say $2500 or $3000 from here? -LSS Quant Team

NEW CHART (@ 2020-08-04 03:01:03)

Wow, some serious movers in the crypto market out there today. Look at ChainLink which did a casual +15% over the last 24 hours! This cryptocurrency finds itself in the top 10 and is known to be a coin that has experienced the least amount of drawdown historically despite living through early 2018. ChainLink currently has a 8.3% LONG position in our model portfolio, in which by the way you can now directly invest through Tokenbox. -LSS Investment Team

NEW CHART (@ 2020-07-31 16:55:11)

Bitcoin 2013-2016 vs 2017-2020. -LSS Quant Team

NEW CHART (@ 2020-07-31 16:39:49)

Are we entering a new crypto bull-run? That's the thought on everyone's mind. Bitcoin search interest on Google is increasing a little but not by much more than we saw earlier in the year, we've got hedge fund managers openly discussing investing in it and Joe Rogan tells 200m listeners to buy Bitcoin. Perhaps more interesting is which cryptocurrencies can be expected to move along with Bitcoin, and this chart tells us that certainly Ethereum, Ripple, Monero and EOS have done to a large degree. Their average correlation with Bitcoin is 0.39. Others that may not be so lucky? Possibly Cardano (correlation 0.07), ChainLink (correlation 0.01), VeChain (correlation 0.0) and Stellar (correlation 0.10). Are we seeing the crypto market split in two? -LSS Quant Team

NEW CHART (@ 2020-07-30 18:07:32)

Hat tip to Bloomberg who spotted this one: the change in price of gold (white line) vs the change of 1 year at-the-money implied volatility of gold (yellow line). Normally you would expect these to move in opposite directions: assets tend to become more volatile when markets sell off. Not so with gold these days, and that's pretty fascinating. -LSS Quant Team

NEW CHART (@ 2020-07-30 03:38:55)

Bitcoin vs S&P500 futures today. Decoupling, or? -Albert Ingles

NEW CHART (@ 2020-07-29 16:19:07)

So the Fed decided to leave rates unchanged and keep doing “whatever it takes”. The 10 year US interest rate chart fascinates us because what other asset over a period of 100+ years only really sees 3 different regimes? Down 1920-1940. Up 1950-1980. Down ever since. There does not seem to be an easy way out from this trend and we would be surprised if this figure hits anywhere above 2% again any time soon without serious economic turmoil as a result. -LSS Quant Team

NEW CHART (@ 2020-07-29 03:31:57)

Told you so... -LSS Quant Team

NEW CHART (@ 2020-07-29 02:33:31)

One interesting chart we have been looking at today depicts implied volatility across a few asset classes. This chart shows equity (VIX), gold (XAU), JPY (USDJPY), EM FX (JPMVXYEM) and interest rates (SRVIX). What is apparent here is that volatility on interest rates and stocks have steadily declined, but lately gold, JPY and EM FX are bucking the trend and increasing again. 2020 is truly a US dollar story. -LSS Quant Team