Market Structure Insights

dreamstime m 6751294
November 2, 2022

Inflation is our fault.  For context, the Federal Reserve today will boost rates. The message will be clear: We consumers need to stop consuming, because we’re driving up prices. We used to understand back when Milton Friedman was credible that inflation is “always and everywhere...

dreamstime m 160172765
October 26, 2022

Geese are flying over Denver now, headed south.  Have you wondered if they poo up there?  Well, wonder no more.  Karen and I were walking in Denver’s Washington Park to the distant honk of traveling geese.  I felt something carom off my ear and shoulder....

dreamstime m 113183050
October 19, 2022

ModernIR has seen a surge of interest from companies perplexed by the stock market. They see that stocks don’t move with fundamentals, don’t move as expected. They move with each other. An October 12 Wall Street Journal article described “lock-step” moves in stocks ranging from...

Rome Colosseum Oct 2022
October 12, 2022

We’re just back from Rome, where the empire is no more but its imprint enthralls.  And yes, that’s like the stock market.  We’ll get to it. Do the Scavi tour under St Peter’s Basilica.  It’s breathtaking and not just because it’s underground.  It’s an archaeological...

Piazza del Campo Siena Sep 2022
September 28, 2022

Maybe we should have a horse race to decide our elections.  In Siena, the whole region gathers July 2 and August 16 annually, thronging the Piazza del Campo (the city square you see behind our beverages in the photo here, shot Sep 26) for The...

PXL 20220918 185111943.MP EFFECTS
September 21, 2022

Are traders shorting your stock? There’s a good article in IR Magazine by independent board director Rosalind Kainyah on what she expects from the company’s IR team.  One data point: Comparative shorting for the company and peers. The trouble is most Boards and c-suites think...

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