Market Structure Insights
May 14, 2025
On May 9, Goldman Sachs strategists warned that the S&P 500 faced a potential drop of 20%, to 4,600, while the US economy had a 45% risk of recession. On May 13 in Barbara Kollmeyer’s Dow Jones Marketwatch Call of the Day column, the firm’s...
May 7, 2025
Crazy Chester followed me and he caught me in the fog. I’ve had that lyric stuck in my head. As it turned out in the song by The Band, Chester wanted him to take Jack the dog. I like this version with Dave Matthews and...
April 30, 2025
Can stocks fall if nobody sells? For a sneak peek at my thesis, here’s my segment with Brian Sullivan and Kelly Evans on CNBC Power Lunch Monday Apr 28. You may be thinking: Is it a trick question? There’s a buyer for every seller. I...
April 23, 2025
It was never about Jay Powell. It was options. As the market reeled Monday, the Talking Heads declaimed that Donald Trump was responsible: He was going to fire Jay Powell. We said before the market faceplanted and recovered that it would likely fall Monday with...
April 16, 2025
Big banks reported this week, posting record first-quarter trading profits. Buy-and-hold money didn’t drive them. We’re told by financial advisors not to trade. Buy, and hold. Don’t time the market. Sell to avoid downside and you’ll miss the market’s biggest rebounds, say the statistics. Yet...
April 9, 2025
As one of our team said, “The Quast Vacation Put strikes again.” Wearing puka shells and vacation pants, we split March 25 for the trade winds of St Vincent and the Grenadines to sail the following seas. And the stock market crumbled. You can see...