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Markets and Systems

Michael Harris

Systematic approaches to market analysis, trend, risk, and repeatable alpha.

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Substack
PricingFreemiumPublishesDaily
Issues186Founded3 years agoLast Issue8 days ago
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Artwork for Markets and Systems

Latest Issues

The Scariest Chart in Markets Isn’t a Price

AI-generated

The S&P 500 index just made a new, all-time high. “How is this possible, amid geopolitical turmoil, high bond yields, and persistent inflation?” This is a question a rational mind would ask. It has become evident from social m...

8 days ago
9

Yields Mean Reversion

Weekly Market Report

Weekly Market Report

11 days ago
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Paid

Systematic Trading Update—September 2026

Market Recap

Crude oil (USO), Bitcoin (IBIT), commodities (DBC), and the US dollar (UUP) were the winners in September, up +8.9%, 6%, 3.3%, and 2.3%, respectively.

Gold (GLD) and bonds (TLT) were the big losers, down 6.8% and 5.4%, r...

14 days ago
6

Geopolitical Constraints

Weekly Market Report

Weekly Market Report

18 days ago
4
Paid

Bond Market Action

AI-generated

On Thursday, September 24, 2026, the 10-year note futures closed 1.41 points below the high of the previous day.

The move was 10 basis points below minus two standard deviations of similar down moves, at -1.31, with data goin...

20 days ago
10

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Authors

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  • Michael Harris

    Thirty-five years of market experience and 4 trading books. A pioneer developer of software for identifying price action anomalies. Analyst and hedge fund trader. I never DM anyone with offers; if you get one, it is an impersonator.

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