Thursday , 21 January 2021

MBS Day Ahead: Jan 2, 2015, Unofficially, the Last Day of Last Year

By Matthew Graham

Posted To: MBS Commentary

I like to periodically offer a reminder on something I wish I’d understood sooner when it comes to financial markets. While we do indeed live in a highly automated age where super sophisticated software carries out operations that border on mind-boggling, financial markets remain entirely dependent on humans. And humans are–well… human. Traders are humans too. Pretend you’re a human for a moment. Heck, you might even be one! Now ask yourself: “Self! If I have to work a half-day on Wednesday and have Thursday completely off and always have every weekend off, and if my kids are out of school, and if it’s Christmas/New Years break for much of the rest of the world, what are the chances that I’ll work on Friday if I don’t absolutely have to?” See? Only guys who write articles about MBS and the…(read more)

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