The biggest risk to an arbitrager is a runaway market. Let me frame that statement with backstory. I consider it our mission to help you understand market behavior. The biggest currently is arbitrage – taking advantage of price-differences. Insert that…
View pageEverybody adapts, including institutional investors like Janus. Rattle off a top-ten list of the best active stock pickers visited by teams of company execs and investor-relations pros trundling through the airports and cities of America, and Denver’s Janus likely makes…
View pageThere’s a saying: It’s easier to keep the cat in the bag than to get it back in there once you’ve let it out. Nobody is likely to stuff the Exchange Traded Fund (ETF) cat back in the bag. Because…
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What’s the price of your stock? It matters because the SEC has adopted final rules to redefine a “round lot.” Currently a round lot is 100 shares. All quotes to buy or sell must display in 100-share increments, at a…
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Nvidia (NVDA) reports results today after the market closes, like thousands of public companies in the last couple weeks trying to generate alpha. The difference between Nvidia and most of the rest – about 99% – is Nvidia right now…
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Stocks are up. So are the number of trades and the amount of volume that’s short. But trade-size has plunged. The stock market is up 87% the past five years while trade-size is down 37% from 154 shares per trade…
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On May 22, fees charged by the SEC on trading rose 248%. It’s not widely understood that the fees from initial public offerings, follow-on and secondary offerings, proxy solicitations and corporate buybacks (under sections 6b, 13e and 14g of the…
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Why does the stock market all at once lurch like a drunk and take out a row of planter boxes containing semiconductor stocks? Public companies, this is the market you depend on for capital, for a read on fair value. …
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What about the stock market can we believe? You can’t believe prices. At least, during the day. If you’re a trader, how do you know if the price will move favorably? Yet prices are the core ingredient of technical signals,…
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