The Market Structure Map
June 3, 2026
The stock market has gone to the dogs. Well, one of them anyway. Before I get to that (and I’ll correct my deliberate syntactical gaffe – one market, or one dog?), ModernIR has launched a new product designed to track the flows behind price and...
May 27, 2026
Tokens are coming for your stock, public companies. But not yet. According to a Bloomberg article (subscription required) from Scott Patterson, veteran market-structure reporter (long at the WSJ) and author, regulators have delayed a plan to grant exemptions for tokenized stocks. Because there are big...
May 13, 2026
I observed Monday to EDGE Daily Market Desk readers that stocks like CSGP would not be in the S&P 500 basket. And now it’s been booted from the Nasdaq 100. The point for investors is that creators of ETF baskets – statistical samples – for...
May 6, 2026
Warren Buffett last week called the stock market a church with a casino attached to it. AI didn’t know how to interpret it, but he means investing is a hieratic pursuit. A commitment. Somber and serious. A casino is like a brothel – about self-gratification....
April 15, 2026
Say you’re a public company in the S&P 500. How’s your stock doing? For every CIEN and SNDK, there are three components trailing the benchmark, says the math. On average, 72% of S&P 500 stocks the past three years lagged the index. Why? Let...
April 9, 2026
EDITORIAL NOTE: Ahoy! We are at sea, as we thought it would be cold and snowy in Colorado when we planned this trip. Silly us. Departing Denver last week for the Caribbean, it was, like, 80 degrees. Anyway. Read on. Important facts about how the...