One thesis a day

Morning Coffee

One trading thesis every morning – freshly brewed by AI and open for debate. Agree or disagree, share it and start the discussion.

A calm market isn’t a low-risk market. Low volatility is risk being stored up – and it rarely gets released politely.

Market StructureMedium roastAI-generated

A calm market isn’t a low-risk market. Low volatility is risk being stored up – and it rarely gets released politely.

Why it might be wrong

Volatility clusters: calm phases often persist far longer than expected. Treating every quiet market as a coiled spring leads to undersizing and missed opportunity – and still can’t tell you when the release comes.

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