Market Structure Insights
March 19, 2025
I’ll give you a high statistical probability. The stock market this week won’t reflect “fundamentals.” Quast, you’re obsessed with your own view that the market is quantitative. No, it’s what we call “context.” The cadence and calendar of the market: Yet whatever the stock market...
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...
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....
January 22, 2025
A headline at Bloomberg from Jan 13, 2025, reads: I was a Wall Street Analyst. They are Irrelevant. The article by opinion columnist Shuli Ren (subscription required), a former sellsider, describes factors reducing the value of sellside research. It’s one of three in a span...