Market Structure Insights
August 2, 2011
Why are markets dropping like the thermometer at 8pm on Pike’s Peak? Debt chaos, sour economic data, sure. We’re not market prognosticators, we track behavioral data. Under the skin of the news at market level, institutions shifted to managing portfolio risk about July 21. These...
July 26, 2011
We were in San Francisco Sunday escaping the heat parching most of the country. Cool heads are better than hot heads, we thought. It was nice to need a sweater. Speaking of needing things, there’s a flaw in consensus estimates. Consensus by definition means it’s...
July 19, 2011
Would you rather ride your road bike in the sun or the rain? What if riding in the sun means peddling across Death Valley in the summer, while the rain is a passing shower in the Italian Dolomites? Context is essential. Let’s apply the same...
July 12, 2011
Your shares compete for attention with a dizzying array of choices in securities markets. Money chases what the market gives today. VZZB is the sort of example you can’t make up. It’s the trading symbol for the iPath Long Enhanced S&P 500 VIX Mid-Term Futures...
July 6, 2011
We’re late this week due to celebrations around the anniversary of the rebellion from the Crown. We played croquet, appropriately and cheekily British we thought (no offense to our good friends and former overlords across the pond). Croquet has actual rules we learned. Sunday, Karen...
June 28, 2011
Stocks go up and down. Nothing new there. The dollar dropped for a second straight day today. Stocks are again up, like they were yesterday. The dollar gained ground last Wed-Fri, and stocks fell. This week marks the end of the month and quarter. We...