RIP Victor Niederhoffer

Today, we look at the latest market moves as we position the importance of Friday's US jobs report, noting the reaction to key incoming earnings from Western Digital and Sandisk in particular and the impressive rally move in gold and silver. Considerable coverage as well of Victor Niederhoffer, a larger than life Wall Street figure who died this Tuesday and whose life inspired and touched countless speculators and professionals over his career, including this podcast host, Saxo Global Head of Macro Strategy John J. Hardy.

Links

• The all-time must read article for want-to-be speculators: The New Yorker article by Malcom Gladwell: Blowing Up, comparing and contrasting Victor Niederhoffer and Nassim Taleb.
• The Henry Clews book Fifty Years in Wall Street. This book inspired Niederhoffer's giving out canes to people who offered valuable inspiration while writing his column for MSN's MoneyCentral.
• Education of a Speculator - the legendary book.
• Recent (less recent than I said on podcast - actually latest I can find is from this February) Mark Spitznagel prediction on one final meltup followed by 80% crash in stocks.

About twice per week (in normal times, hopefully soon to resume), you will find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack.

Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here.

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