Market Structure Insights
June 27, 2012
Here’s a riddle: Name a four-letter word that describes why currencies fluctuate and why money in equities modulates around options expirations and the ends of months and quarters. While you’re thinking about it, I’ll tell you a story. I was in freshman college speech one...
June 20, 2012
Thrilling. Arduous. Rewarding. Draining. Spectacular. No, not the Federal Reserve Open Market Committee meeting concluding today with a soliloquy before public microphones from the chairman. We mean our grand cycling adventure riding the Rockies on the high backbone of the fruited plain last week. After...
June 13, 2012
Our good friends Joe Saluzzi and Sal Arnuk, proprietors of Themis Trading and experts on market structure, have at last written a book about markets. They guest-blog today at the Market Structure Map. We’re out this week Riding the Rockies from Gunnison to Fort Collins,...
June 7, 2012
If you like your NIRI National Conference crisp, Seattle delivers. Gray days in the 50s gave those from the south a welcome break from drenching June humidity. Yesterday morning, the sun at last teased us as we savored our westward view of Puget Sound one...
May 30, 2012
“So we should target value investors next week.” Those eight words say much about IR today. I heard them on a weekly web meeting with a Nasdaq-traded company whose name most everybody knows. The point isn’t who said it. The idea applies to all of...
May 23, 2012
What’s green and brown, and rolls? The terrain south of Santa Fe where we rode 103 miles on bikes Sunday, averaging 15.6 mph through 4,500 feet of climbing and insistent New Mexico winds. Icing: We saw the eclipse, glimpsed through a combination of my Droid...