The Market Structure Map
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...
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...
February 14, 2024
I’ve got my Valentine, for which I’m grateful every day. Whether the market finds love after yesterday’s blood remains to be seen. Back when the Romans celebrated Lupercalia, there was blood. Romans knifed a goat to arouse the gods of fertility and then flicked bloody...