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News Failure (guest: Jason Shapiro)

The Market Huddle

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The Basis Trade Is Affecting the Large Speculators

There's no question that the basis trade is going on. And I don't even know what the hell the basistrade is quite frankly. So why even bother with the large specs of the small specs are better? Like, why not just completely run your systems on the small specs? The combination of the thing is the best. Okay, I see. Right. But let me just, you also have a story in your book where you overrode the system. Do you ever override the system? And do you think that you actually add positive alpha and you're not like me?

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