The Market Structure Map
July 29, 2026
Because there aren’t enough ways to trade, single-stock futures are back. On July 27, the CME launched single-stock futures valued at 100 shares each on 55 stocks. Here are the facts from the CME. The CME also offers “mini” 10-share futures on 22 of them,...
July 22, 2026
My dad wanted to be buried in a pine box on a hillside. Our friend Kim did it. A “natural burial” puts nothing between the deceased person and a return to dust. No embalming, encasement, metal, vaults. Just wood and time and dirt. Kim chose...
July 15, 2026
Whatever you write, do it as though somebody will read it back to you in a court of law. I can’t recall who passed that gem along to me. I’ve never had to experience it, thus far. Maybe because I follow it. Anyway, with that...
July 8, 2026
Passive Investors are buying a SpaceX IPO every month in US equities. If you want to know more about those trends, public companies, ask us. You must understand your addressable market. If Blackrock et al are pumping $75 billion per month into US stocks, the...
July 1, 2026
Amid epic returns for chip stocks, Jeremy Grantham says the market risks a 70% retrenchment. Mr. Grantham, 87, longtime head of Boston’s GMO Capital, is notorious for his “permabear” warnings. He’s been right, depending on how you define “right.” John Maynard Keynes said being right...
June 24, 2026
Did you know AMD came within a hair of $900 billion of market cap Monday? It was back down to $850 billion yesterday after what Bloomberg cleverly called the “Chip Wreck.” The Wall Street Journal wasn’t quite so original, calling it the Tech Wreck. And...