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APEX TRADING

Sharing 23 Years of Market Experience. Ex JP Morgan and Bear Stearns. Apex Trading is where I share what I’m doing in the markets; live book updates, education, daily videos, education on positions, sectors, and sentiment.

Newsletter · By Apex Trading · Official site

Indexed issues, last 90 days
9
Latest publication
Sep 28, 2026
Audience
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Earliest in this view
Jul 14, 2026

Latest issues

  1. Issue · Sep 28, 2026

    Apex Notes: Tech World (opens the original)

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    MACROAnother very interesting week for markets. That US$70bn 5yr auction last Wednesday really set the tone: the second largest tail on record and the lowest bid since 2018. “Tail”, for those who need a brush up, is the difference between the yield and where the auction settles.It moved rates up across the curve, most notably of course the 10yr, which ripped through 5% with conviction. As ever, it is just as much, if not more, about the speed of the move rather than the absolute number, albeit 5

  2. Issue · Sep 18, 2026

    Apex Notes: Tech World (opens the original)

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    MACROTech World is now writing on a Friday so as to capture the entire week of news and action, and this week has been a big one. So much to digest, and quite frankly even the most experienced market veterans are torn as to what is going on and what the implications are.The facts are as follows. The FED stepped up to the plate and raised rates 25bps, as was the overwhelming expectation priced into the futures market, but they went one step further and penciled in one more 25bp hike this year. Al

  3. Issue · Sep 11, 2026

    Apex Notes: Tech World (opens the original)

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    MACROAnother week, another extraordinary cocktail of events in macro world. Markets are always complicated and interesting, but the unique nature of what is presented to investors and traders right now is right up there.Oil at 105. 10yr at 4.94. The US Treasury Secretary actively picking a fight with the bond market. USDJPY collapsing as the carry trade starts to unwind on crowding, intervention and a pending BOJ rate hike. AI capex raging on and taking CDS with it. The US consumer continues to

  4. Issue · Aug 25, 2026

    Apex Notes: Tech World (opens the original)

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    MACROTech World was in NYC last week and didn’t get a chance to publish, but sometimes it is nice to have two weeks of new information to digest. What a two weeks it has been. Scott Bessent intervening in the bond market, after intervening in the currency market two weeks prior, makes him without doubt one of the most activist treasury secretaries in history.There is a LOT to unpack here. The bond market is the only boss in markets, and when it wants to make its point it will go ahead and do tha

  5. Issue · Aug 11, 2026

    Apex Notes: Tech World (opens the original)

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    MACROBIG week this week with CPI tomorrow and PPI on Thursday. The macro is becoming more interesting by the day, with Scott Bessent making it relatively clear he is getting nervous about the long end. Intervening in the Yen for the first time since 1998 was enough to get the market’s attention, but talking about reducing bond sales makes this rather more serious. On the subject of the Yen, it is most definitely easier for him to spend some money helping the Japanese with their currency than to

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