The Market Structure Map
October 28, 2026
Voters next week will drop ballots on inflation, not realizing what causes it. Before I get to that, this news: ModernIR is launching a new product Nov 12 at IR Impact in New York. In sales, we learn to match product to consumer. Most market...
October 21, 2026
What if you had a genie in a bottle? Some $25 trillion of assets do. It’s Blackrock’s Aladdin risk management system. It was nearly $22 trillion a year ago. So I peg it to $25 trillion by looking at the money flowing to Exchange Traded...
October 14, 2026
I admit I laughed. At what? JPM reported results (along with WFC, JNJ and others) yesterday in the 6a ET hour (when there are no volatility girders, public companies) and the stock dropped and everybody talked about the “surprising miss” for the world’s best-run bank....
October 7, 2026
The Pinta landed in the bay of Baiona alongside the castle of Monterreal on Mar 1, 1493. Those of you who learned that Christopher Columbus sailed the ocean blue in 1492 will make the connection. His Santa Maria foundered on a reef off Haiti around...
September 30, 2026
EDITORIAL NOTE: If you’re reading this edition of the blog and it feels, as Yogi Berra would say, like deja vu all over again, it’s because I wrote this in May and it published the 13th of that month. If you think, “Well how can...
September 23, 2026
EDITORIAL NOTE: Queridos leitores! Portuguese is a hard language (well, not if you’re Portuguese). So dear readers, this is a Best of the ModernIR blog from back in the summer. We’re riding bikes in Portugal’s really steep Douro Valley. We’ll report back in October! As...