Markets News
What Does the Boom in Same-Day Options Tell Us About Risk?
Zero-day options now account for roughly half of S&P 500 option volume — a structural change in how the market prices and transmits daily moves.
Author
Gordon Fielding
Gordon Fielding has strong opinions about football and the good manners to show his working. He breaks down formations and pressing patterns weekly, covers club finances, grades supplements by dose and effect size, and traces commodity developments through supply chains to the margins they finally reach.
Articles by Gordon Fielding
Analysis
Why Rail Freight Data Warns About Recessions Before Wall Street Does
Weekly carload counts from the major railroads form one of the oldest high-frequency economic gauges, and they move before the surveys do.
Markets News
What Actually Happens When the Big Stock Indexes Rebalance?
Four times a year, billions trade in the closing auction to match committees' decisions — the machinery behind the market's quietest big days.
Analysis
What a Strong Dollar Actually Does to Emerging-Market Debt
Two-thirds of emerging-market external borrowing is priced in dollars, so the currency's swings travel through balance sheets more violently than through trade…
Analysis
Private Credit Had Its First Stress Test — What Did It Prove?
Two large 2025 bankruptcies exposed how private credit marks risk, and the sector's response revealed both its resilience and its blind spots.