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02/05/2010
Turnaround Offers Crisis Flashback
"Since January 11, stocks and gold have moved in the same direction 80% of the time, according to research firm Macro Risk Advisors, up from just 11% between April and August of last year, when stocks enjoyed perhaps their strongest rally.” ...

01/25/2010
Decline in U.S. Stocks Pays Options Traders 75 Profit on VIX
"'The biggest sell-off in the Standard & Poor’s 500 Index since March is rewarding options traders who bet on a surge in volatility with gains of 75 percent. 'It’s been a nice shift for some people,' said Justin Golden, a strategist at New York-based Macro Risk Advisors LLC, which advises institutions on equity derivatives. 'Before this week, the long options community had been very frustrated. Volatility has been on a downward path.'” ...

12/11/2009
Options Show S&P 500 Rally in Peril Amid Bearish Bets (Update2)
“If market declines materialize, you’ll see a substantial pickup in volatility, and these puts have very strong volatility characteristics for the buyer,” said Curnutt, whose firm advises professional investors on derivatives strategies. “As volatility goes up, these far-out-of-the-money puts have a very strong and favorable reaction to increases.” ...

12/08/2009
Is everyone a gold prospector?
Without the helping hand of the Fed, we fear that an exodus from risk assets could result in a highly correlated market shock that could take the GLD down with it. ...

11/19/2009
Correlation Between Stocks and Gold: An Explanation
Of course, that could reflect the fact that gold has had a big rally, and some many be now protecting themselves against a reversal. However, Curnutt thinks it could reflect a more fundamental change. Gold is being priced “more akin to something like a traditional risk asset like the S&P 500,” he says. “That doesn’t mean the market isn’t pricing for the risk that gold can move up quickly, but less so.” ...

10/12/2009
Use ‘Shark Fin’ Trade to Hedge, Macro Risk Says
Investors should use a “shark fin” options strategy to preserve profits from the steepest Standard & Poor’s 500 Index rally since the 1930s, according to Macro Risk Advisors LLC...

10/06/2009
Commodities surge drives stock market higher
Leaving interest rates low for too long can ignite inflation but raising them too quickly can choke off a nascent recovery. Dean Curnutt, president of Macro Risk Advisors, cautioned that other central banks are unlikely to soon follow Australia's lead because the recession exacted a heavier toll in the U.S. and Europe. recovery.”

10/01/2009
Dow, Up 15%, Has Best Quarter Since '98
"We've had a tremendous lift in those stocks...that were extremely susceptible to a breakdown in the financial system," said Dean Curnutt, president of Macro Risk Advisors. For months, "it has been a beta-driven rally."

9/29/2009
Options May Protect Stocks Should Fed Tighten, Macro Risk Says
Investors should buy U.S. stock options to hedge against losses when the Federal Reserve starts reducing stimulus, Macro Risk Advisors LLC said... “Equity volatility has found a floor,” Curnutt wrote. “Despite continued signs of economic recovery and the lower trend in realized volatility, the VIX sits just below its level three months ago.” recovery.”

5/29/2009
VIX is likey to reach 40 before 20, Macro Risk Survey Says
“Many investors expressed the view that a range bound ‘summer doldrums’ market will cause the VIX to drift lower near- term, but that volatility would spike later in the year,” said Curnutt, the former head of institutional sales for equity derivatives at Bank of America Corp. “This sentiment arises from investors’ skepticism around the validity of ‘green shoots’ and the impact that looming risks could have on the economic recovery.”

5/8/2009
Stress-test Success Masks Bigger Problem with Banks
However, market participants emphasise that more fundamental risks continue to dog the financial sector. One indication of this is continued high volatility among financial stocks, according to Dean Curnutt, the president of New York-based derivatives strategy and execution firm Macro Risk Advisors.

4/14/2009
Opalesque Exclusive: Measuring the new risk in the hedge fund industry – legislative risk
A focus on trying to understand government policy is at the forefront of many managers’ risk analysis in this climate. “The government has the ability to change the rules of the game quickly,” says Dean Curnutt, President of Macro Risk Advisors, a New York-based derivatives strategy and transaction execution firm...Macro Risk Advisors, which has a large hedge fund client base, says hedge funds have found it necessary to evaluate possible regulatory changes immediately – even those suggested regulatory changes which are likely politically driven and unlikely to amount to actual legislation.

3/5/2009
Four at Four: Pain
Citigroup fell below $1 a share Thursday, but an investment in the company would, for now, still feel like gambling, as any other purchase in the market tends to be these days. “Relative to November which was much more of a technical scare, with the money market system and commercial paper system, this is a market that’s consistently leaking and trying to find a home,” says Dean Curnutt, president of Macro Risk Advisors. “The low could be as low as 600, in a lot of fits and starts.”

2/12/2009
For volatility funds, current markets offer chance to pitch the portfolio hedge that few focus on in stable times
“The surge in volatility began in September of last year and most would point to the fall of Lehman Brothers as the catalyst for the increase in the volatility.” Dean Curnutt, President of derivatives strategy and transaction execution firm Macro Risk Advisors said. Curnutt’s firm works with managers who use volatility trading and options as hedges throughout the market cycles, as well as managers which use them to generate alpha for their portfolios.

11/20/2008
A Bad Case of Buyer's Remorse
Some 50 institutional investors were asked recently by a New York derivative strategy firm, Macro Risk Advisors, how volatile they expect stocks to be. The answer: They were bracing for the S&P 500 to rise or fall by an average 3% a session over the next two months, before average daily swings subside to 2.3% over the next six months and 1.9% over the next year.

 

02/05/2010
Keep Your Portfolio Above the Freezing Mark
FBN’s market experts break down how to keep your portfolio hot as the market cools off.

02/03/2010
Checking Market Pulse
Getting a read on the market action, with Dean Curnutt, Macro Risk Advisors and Charles Biderman, TrimTabs Investment Research.

01/28/2010
Strategy for Risky Times
Risk appetite is falling, risk aversion is rising - what should investors do? Dean Curnutt, president, Macro Risk Advisors, gives his strategy for managing risk.

01/25/2010
Anxiety Returns to Markets
Anxiety is returning back to markets. Dean Curnutt, president at Macro Risk Advisors speaks to CNBC's Martin Soong and Sri Jegarajah about the volatility index.

01/25/2010
Bernanke Is Right For Job
Fed chief Ben Bernanke is the "right man" for the job, says Dean Curnutt, president at Macro Risk Advisors. He speaks to CNBC's Martin Soong about the likelihood Bernanke will be re-elected.

01/13/2010
Stocks Gain Strength
Stocks are stronger today led by the financials, with Tom Forester, Forester Value Fund and Dean Curnutt, Macro Risk Advisors.

12/28/2009
Sustaining Recovery
Employment will sustain the recovery without the stimulus, says Dean Curnutt, president of Macro Risk Advisors. He speaks to Michael Yoshikami, president & chief investment strategist at YCMNet Advisors, CNBC's Sri Jegarajah and Martin Soong.

12/28/2009
Checking Market Pulse
Getting a closer read of the markets, with Eric Ross, Watch Harbor Asset Mgmt and Dean Curnutt, Macro Risk Advisors.

12/17/2009
Use Options for Long & Short Views
Investors should use options to express both long and short views, says Dean Curnutt, president of Macro Risk Advisors, speaking to CNBC's Karen Tso.

12/17/2009
More Volatility Ahead in 2010
The business cycle will be more volatile in 2010, says Dean Curnutt, president of Macro Risk Advisors, speaking to CNBC's Karen Tso.

12/07/2009
The Risk Trade
Discussing what's next for the risk trade, with Dean Curnutt, Macro Risk Advisors and Thomas Lee, JPMorgan.

11/19/2009
U.S. Dollar is Distorting Asset Prices
BNN analyzes the impact of the U.S. dollar with Dean Curnutt, president, Macro Risk Advisors.

11/18/2009
Checking Market's Pulse
A breakdown of the market action, with Richard Peterson, Standard & Poor's; Dean Curnutt, Macro Risk Advisors; and CNBC's Scott Wapner.

10/27/2009
Regional Banks: Too Small to Succeed?
Insight on small, regional banks, with Dean Curnutt, Macro Risk Advisors and Cassandra Toroian, Bell Rock Capital.

9/29/2009
Markets Breakdown
An analysis on the day's market action, with Sam Stovall, Standard & Poor's and Dean Curnutt, Macro Risk Advisors.

9/11/2009
Checking Market's Pulse
Breaking down the market action, with Michael Yoshikami, YCMNET Advisors; Dean Curnutt, Macro Risk Advisors; and CNBC's Maria Bartiromo.

8/21/2009
Today's Market Action
A breakdown of today's markets, with Dan Greenhaus, Miller Tabak + Co. and Dean Curnutt, Macro Risk Advisors.

8/20/2009
What's Moving the Markets
BNN interviews Dean Curnutt, president, Macro Risk Advisors.

8/3/2009
Market Breakdown
A check on today's market action, with Eric Ross, Canaccord Adams and Dean Curnutt, Macro Risk Advisors.

7/23/2009
Housing & Markets
Markets soar on news of better than expected home sales and earnings. Discussing whether the good news will continue, with Dean Curnutt, Macro Risk Advisors and Thomas Lee, JPMorgan; with CNBC's Diana Olick.

7/8/2009
Mood of the Markets
Earnings season kicks off today with Alcoa, while concerns about the housing sector and debt continue to weigh on the market. BNN interviews Dean Curnutt, president, Macro Risk Advisors.

7/6/2009
Checking Market's Pulse
Breaking down the day's market action, with Dean Curnutt, Macro Risk Advisors; Dan Greenhaus, Miller Tabak; and CNBC's Maria Bartiromo.

6/26/2009
Market Breakdown
Weighing in on the markets, with Dean Curnutt, Macro Risk Advisors and Phil Orlando, Federated Investors.

6/3/2009
Market Breakdown
Dean Curnutt, of Macro Risk Advisors, and Rick Bensignor, of Execution LLC, break down today's market action.

5/21/2009
Today's Market Action
Insight on the day's market activity, with Dean Curnutt, Macro Risk Advisors and Alec Young, Standard & Poor's.

5/08/2009
Market Breakdown
Daniel Frishberg, of Laffer Frishberg, and Dean Curnutt, of Macro Risk Advisors, break down this week's market action.

5/04/2009
Stressing Over Stress Tests
The U.S. government has delayed the release of the stress tests as banks fight vigorously to have the information sequestered. BNN speaks with Dean Curnutt, president, Macro Risk Advisors. market action.

4/24/2009
Market Breakdown
Dean Curnutt, of Macro Risk Advisors, and Sam Stovall, of Standard & Poor's, break down today's market action.

4/16/2009
Banking on a Recovery
J.P.Morgan, Goldman Sachs and Wells Fargo all released solid first quarter earnings results. Jon Fisher, of Fifth Third Asset Management, and Dean Curnutt, of Macro Risk Advisors, discuss whether this indicates the worst problems are behind us.

4/09/2009
Market Breakdown
Dean Curnutt, of Macro Risk Advisors, and Jonathan Thomas, of American Century Investments, break down today's market action.

3/13/2009
Is the Rally Real?
More insight on the Dow's winning streak, with Daniel Frishberg, Laffer Frishberg; Dean Curnutt, Macro Risk Advisors; and CNBC's Maria Bartiromo.

3/02/2009
Today's Trading Drivers
Eric Ross, of Canaccord Adams, and Dean Curnutt, of Macro Risk Advisors, break down today's market action.

2/11/2009
Fixing the Economy
Mani Govil, of RS Investments; Wayne Kaufman, of John Thomas Financial; and Dean Curnutt, of Macro Risk Advisors, discuss the best ways to fix the banking system and the economy.

1/26/2009
Market Breakdown
Breaking down today's market action, with Eric Ross, of Canaccord Adams, and Dean Curnutt, of Macro Risk Advisors

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