Apprendre

Articles de recherche et explications

Des contenus en langage clair de Kresmion Research, de deux types : des études qui font parler les chiffres de nos propres données, et des explications qui enseignent un concept. Information uniquement, Kresmion ne formule aucune recommandation d'achat ou de vente.

Les articles sont publiés en anglais.

Études: ce que montrent les données

Des rapports de données qui font parler les chiffres des propres jeux de données de Kresmion : flux 13F, régime macroéconomique, activité des baleines on-chain, et plus encore. Chaque chiffre est attribué à sa source.

Le trade de la mémoire pour l'IA vient de connaître son Mardi noir. Les spéculateurs étaient déjà nettement vendeurs du Nasdaq, à un extrême sur un an.
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Les gates du crédit privé se sont abaissés en juin. Nous avons vérifié quels chiffres tenaient.
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Amazon de l'intérieur : d'où vient l'argent, pourquoi le cloud fait les bénéfices et pourquoi le groupe conçoit ses propres puces
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Ce qu'il est advenu des actions, des obligations et de l'or après les décisions de taux de la Fed : 17 événements, de 2022 à 2025
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The US Market Regime on September 30, 2026, in Numbers
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A Week Before Resolution, How Well Does the Crowd Price Prediction Markets?
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Follow the Crowd, Do Not Fade It: What a Year of Speculative Positioning Actually Predicts
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More Than Half of AST SpaceMobile's Last Reported Revenue Was a Sale to a Company It Half Owns. Three Other Things in the Filings.
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Warsh Inherited a 6.7 Trillion Dollar Balance Sheet. Here Is Where Its Liquidity Stance Shows Up in Our Regime Score.
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Bitcoin Is Down 48 Percent From Its Peak. Riot, Galaxy, and Mara Climbed Anyway. The Difference Was AI Data Centers.
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Is the 2026 Stock Advance Broad, or Just a Few Names? A Breadth Study
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Did the Stocks Hedge Funds Bought Most in Q1 Beat the Market?
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The Biggest Bitcoin and Solana Whale Flows on the Tape
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The Stocks Hedge Funds Bought Most in Q1 2026
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Private Credit's Public Shadow: What Institutional Positioning Shows, and What It Can't
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Explications: comment ça fonctionne

Des définitions en langage clair des indicateurs et des mécaniques qui sous-tendent les données, avec un exemple concret tiré des propres chiffres de Kresmion.

Qu'est-ce que le short volume ? Lire les données quotidiennes de vente à découvert de la FINRA
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Qu'est-ce qu'un avertissement sur la continuité d'exploitation dans un document déposé auprès de la SEC ?
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Contango et backwardation : lire la forme d'une courbe à terme
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Saisonnalité des contrats à terme : ce que les régularités mensuelles peuvent et ne peuvent pas vous dire
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Qu'est-ce que le VIX ? L'indice de volatilité expliqué
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Qu'est-ce que le STOCK Act ? Comment le Congrès déclare ses transactions boursières
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Qu'est-ce que l'exposition gamma des dealers (GEX) ? Comment la couverture des options fait bouger le marché
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Qu'est-ce que le rendement réel ? TIPS, points morts d'inflation et effet sur les actions
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Qu'est-ce que la courbe des taux, et que signifient l'inversion et la pentification ?
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Qu'est-ce que le positionnement net long du COT, et comment le lire ?
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Comment lire une déclaration 13F (et ce qu'elle ne dit pas)
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L'introduction en Bourse de SpaceX expliquée : 75 milliards de dollars levés, des débuts à 1,77 mille milliards de dollars
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What Is Trading Volume? How Volume Is Counted and Read on a Chart
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Technical vs Fundamental Analysis: What Each Studies and What Research Shows
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What Is Support and Resistance? How Chart Levels Are Drawn and Their Limits
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What Is a Stop Order? Stop vs Stop-Limit Orders Explained With Examples
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What Is Bitcoin? How the Network, the 21 Million Supply and Its Markets Work
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What Is the Bitcoin Halving? Every Halving Date, Block Height and the Supply Schedule
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What Is Ethereum? Smart Contracts, Gas, ETH Supply and Proof of Stake
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What Is Staking in Crypto? How Proof-of-Stake Rewards, Risks and Lock-Ups Work
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What Are Bollinger Bands? How the 20-Period, Two Standard Deviation Bands Work
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Market Order vs Limit Order: What Each Guarantees, With an Order Book Example
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What Is VWAP? The Volume-Weighted Average Price Explained With a Worked Example
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What Is MACD? The Moving Average Convergence Divergence Indicator Explained
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What Is Correlation in Markets? How Asset Returns Move Together, With Real Data
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What Is Compound Interest? How Interest Earns Interest, With Worked Examples
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What Is Hedging? How Futures and Options Offset an Existing Risk
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What Is Asset Allocation? Stocks, Bonds and Cash, Drift and Rebalancing
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What Is Beta in Stocks? How Beta Measures Market Sensitivity, With a Worked Example
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What Is a Drawdown? Maximum Drawdown Explained With S&P 500 Examples
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What Is the Sharpe Ratio? Formula, Worked Example and What It Leaves Out
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What Is Diversification? How Spreading Holdings Changes Portfolio Risk
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What Is the Federal Reserve? How the Fed Is Built and What It Does
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What Is a Sovereign Credit Rating? How Agencies Grade Government Debt
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What Is Bond Duration? Macaulay vs Modified Duration, With a Worked Example
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Treasury Bills, Notes and Bonds: How US Government Debt Works
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How to Read a Cash Flow Statement: Operating, Investing and Financing Cash
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What Is EBITDA? Earnings Before Interest, Taxes, Depreciation and Amortization
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What Is Free Cash Flow? How FCF Is Calculated and Why Definitions Differ
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How to Read a Balance Sheet: Assets, Liabilities and Equity, Line by Line
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What Is a Short Squeeze? How Short Covering Can Push a Stock Higher
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What Is Quantitative Easing and Tightening? QE and QT Explained
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What Is a Recession? The NBER Definition vs the Two-Quarter Rule
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What Is Short Interest? How FINRA Counts Open Short Positions
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What Is Earnings Per Share (EPS)? Basic, Diluted and Adjusted EPS Explained
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How to Read an Income Statement: Revenue to Net Income, Line by Line
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What Is a Stablecoin? How USDT and USDC Hold a Dollar Peg
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What Is a Credit Spread? Corporate, High-Yield and Sovereign Spreads Explained
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What Is Max Pain in Options? How It Is Calculated and What It Shows
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What Are the Options Greeks? Delta, Gamma, Theta, Vega and Rho Explained
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What Is RSI? The Relative Strength Index Explained
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What Is a Market Maker? How Liquidity Providers Quote, Hedge and Earn the Spread
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What Is a Gamma Squeeze? How Options Hedging Can Accelerate a Move
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How to Calculate Position Size: Risk, Stop Distance and Leverage
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What Is Leverage and Margin? How Trading on Margin Works
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What Is a Central Bank Policy Rate? How the Fed, ECB, BoJ and BoE Set Rates
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What Is a Perpetual Futures Contract?
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What Is an Event Study? How Fed, CPI and Jobs Day Moves Are Measured
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What Is an HS Code? How Goods Are Classified in Trade Data
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What Is Charm? How Time Moves Options Hedges
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What Is Vanna? How Volatility Shifts Move Dealer Hedges
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What Are Call and Put Walls? Options Walls Explained
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What Is Implied Volatility? IV, the Term Structure, and Realized Vol
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What Is Dealer Delta Exposure (DEX)?
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What Is Theta? Options Time Decay Explained
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How to Read a 10-K: A Company's Annual Report, Item by Item
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What Is an S-1 Filing? The IPO Registration Statement Explained
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What Is a Proxy Statement (DEF 14A)? Executive Pay and Shareholder Votes
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What Is a Prediction Market? How Contract Prices Become Probabilities
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How to Read an 8-K Filing
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What Is a Futures Contract? Futures Explained for Beginners
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What Is a Moving Average? SMA and EMA Explained
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What Is a Call Option and a Put Option? Options Explained for Beginners
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What Is a Bond? How Bond Prices and Yields Move in Opposite Directions
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What Is CPI? How the Consumer Price Index Is Measured
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What Is an IPO? How a Company Goes Public
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What Is Open Interest?
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How to Read Spot Bitcoin ETF Flows
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What Is a Crypto Liquidation?
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How to Read the Weekly EIA Petroleum and Natural Gas Inventory Numbers
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Reading a Prediction Market Order Book: Why a 4 Percent Market Can Cost More Than 4 Percent
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Algorithmic Footprints in Prediction Markets: How to Spot Execution Algorithms in the Public Tape
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Polymarket vs Kalshi: Why the Same Question Can Trade at Two Different Prices
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What Is TIC Data? Who Owns US Treasuries
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What Is Options Skew and the Put/Call Ratio?
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13D vs 13G: How to Read an Activist Investor Filing
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What Is the P/E Ratio? How to Tell If a Stock Is Expensive
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What Is a Dividend? How Companies Pay You to Hold Their Stock
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What Is the Bid-Ask Spread? The Hidden Cost in Every Trade
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What Is Short Selling? How Betting a Stock Falls Works
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What Is an Index Fund? Owning the Whole Market, Explained
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What Is a Stock Split? Why More Shares Does Not Mean More Money
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What Is an ETF? Exchange-Traded Funds Explained for Beginners
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How to Read a Candlestick Chart: A Beginner's Guide
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What Is Market Cap? Why It Matters More Than the Share Price
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What Is a Form 4? How to Read Insider Buying and Selling
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How Prediction Markets Price the Fed: Reading Polymarket and Kalshi Odds
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Three in Four Solana Perp Accounts Are Long. On One Major Exchange They Have Been Paid to Hold That Bet for Most of a Month.
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What Is the Fed Dot Plot? The Summary of Economic Projections, Explained
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What Is Exchange Netflow (and What Whale Self-Transfer Noise Means)?
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What Is a Cross-Asset Market Regime Score?
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