The Market Structure Map
October 28, 2026
Voters next week will drop ballots on inflation, not realizing what causes it. Before I get to that, this news: ModernIR is launching a new product Nov 12 at IR Impact in New York. In sales, we learn to match product to consumer. Most market...
October 14, 2026
I admit I laughed. At what? JPM reported results (along with WFC, JNJ and others) yesterday in the 6a ET hour (when there are no volatility girders, public companies) and the stock dropped and everybody talked about the “surprising miss” for the world’s best-run bank....
September 9, 2026
ChargePoint (CHPT) traded 44 million shares Sep 3, almost twice its ledger of 24 million, and rose from around $5 to over $9. Yes, in Dec 2020, it was trading above $900, with market cap over $15 billion versus today’s $250 million. How did its...
August 26, 2026
Twenty-five lighters on the dresser, yessir, and I gotsta get paid. That’s what NVDA investors are saying today. The ZZ Top (God rest Frank Beard) version of that song has Billy Gibbons at his gravelly best. I saw a documentary on the band, and Billy...
August 19, 2026
Earnings. This is what the stock market is all about. That’s what we’re told all day long by the financial media. And it would be true if just 51% of the money in the market were driven by earnings. With Morningstar data as barometer, about...
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...