Market Structure Insights
December 18, 2024
Willie Nelson plays Johnny Dean in the 1997 Barry Levinson movie Wag the Dog, who is hired to write a patriotic song as part of a fake war designed to divert public attention. I don’t recall it but Microsoft Copilot tells me the character struggles...
December 11, 2024
Microsoft is in 766 Exchange Traded Funds including a Utilities ETF. It’s in about a third of the nearly 1,800 domestic equity ETFs comprising a US-traded universe of 3,500 ETFs, adding in bond, commodity and international funds. Says the Investment Company Institute. Is that a...
December 4, 2024
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 minimum one-penny spread between the...
November 20, 2024
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 generates alpha, a superior return...
November 13, 2024
November 6, 2024
We’re back! Karen and I left for Spain last month, where outside Girona I rode bikes with good friend Brent and our pro-cyclist guide, Arno. Three hundred miles, over 23,000 feet including the famed Category 1 (over 3,000 feet) Rocacorba, six days in the saddle. ...