Market Structure Insights
March 5, 2025
Tariffs don’t just – boom! Rock the market. There must be a condition precedent. We’ve seen it before with the Federal Reserve. The Fed says, “We’re hiking rates.” Stocks crater. But behind the scenes, money had already moved. It happened in late 2021. I made...
February 26, 2025
It’s been a long time since the Flash Crash. So long in fact that heads of investor relations and chief investment officers of funds have come and gone in between. It was 15 years ago. The Flash Crash – an excellent name for a rock...
February 19, 2025
Some stocks are killing it. A bunch aren’t. Jon Sindreu at the Wall Street Journal called it an “Investing Riddle” (subscription required) that stocks in the market are in turmoil but the stock market isn’t. Yesterday, the S&P 500 closed at a new record, getting...
February 12, 2025
Why do sellsiders cover beta? Quast, you’re like a Kendrick Lamar rap: inscrutable. Let me speak English. NVDA, the most widely held stock and a component of the Index Trifecta – Dow Jones Industrials, S&P 500, Nasdaq 100 – is covered by 63 sellside research...
February 5, 2025
“Really? That’s all the time you spent?” I said,”Yessir. It doesn’t take long to pull weeds.” I think I was twelve. The mailman had suggested to Walker Fry, the richest guy in Huntington, Oregon, population 530, where I grew up that the Quast kid would...
January 29, 2025
DeepSeek would be a great name for a rock band. As would Rapeseed, an alternative offered by the helpful Whole Foods staff when I asked for canola oil. Canola so far as I know is unrelated to Nvidia, which is in 756 Exchange Traded Funds....