Why the Stock-Bond Correlation Flipped After 2021
For two decades bonds rose when stocks fell; in 2022 they fell together. How the stock-bond correlation turned positive and why inflation drove the change.
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OTCN editorial market coverage.
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Soft Landing vs Hard Landing vs No Landing
A soft landing slows inflation without a recession; a hard landing brings one; no landing means growth stays strong. How markets behave in each.
How Short-Selling Rules Work Across Markets
Short sellers face price tests, locate rules and emergency bans that vary by market. How the US alternative uptick rule works and what the 2008 ban showed.
How Recession Signals Have Performed Historically
The yield curve, the Sahm rule and credit spreads had strong records, but the 2022–2024 cycle produced false alarms. How each signal has done and its limits.
How Real Yields Connect Gold, Growth Stocks and Crypto
Real yields, interest rates after inflation, help explain gold, growth stocks and crypto. How the link works, why it weakened for gold after 2022, and limits.
What Quantitative Tightening Does to Market Liquidity
Quantitative tightening shrinks a central bank's balance sheet, draining reserves from the financial system. How QT works, what happened in 2019 and 2022–2025.
How Quantitative Easing Changed Markets After 2008
From 2008 to 2022, Fed bond buying grew its balance sheet from under trillion to about trillion. The QE timeline and what it did to rates and markets.
Why Payroll Data Can Move Bonds Before Stocks
Jobs reports change expectations for interest rates, so short-term Treasury yields often react first. How payroll data flows through bonds to stocks and crypto.
Why Payment for Order Flow Is So Controversial
Payment for order flow pays brokers to send retail orders to market makers. It funds zero-commission trading but creates a conflict. How US, UK and EU differ.
Why Trading Platforms Are Going Multi-Asset
Brokers and crypto exchanges are adding stocks, crypto, tokenized assets and derivatives under one account. Why platforms are converging and what it means.
How Market Surveillance Catches Manipulation
Exchanges, brokers and regulators run surveillance that flags spoofing, insider trading and other manipulation. How it works, with the JPMorgan spoofing case.
Why Institutional Traders Care So Much About Market Depth
Market depth shows how much can trade near the current price. Why large traders watch it, how thin depth raises costs and why it vanishes in stress.