Market Structure Insights

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May 25, 2022

SNAP broke yesterday. I’ll explain two reasons why. Yes, the company blew the quarter. Dramatic swings in guidance don’t instill joy. But the losses occurred before anybody talked about them.  SNAP closed Monday at $22.47 and opened Tuesday for trading at $14.49 and closed at...

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May 18, 2022

The Terra Lunacy (cough cough) is about creating and destroying.  If you’re thinking, “Lord, I want to read about cryptocurrencies like I want to use a power tool on a molar,” hang on.  It’s about stocks. But first, here is Market Structure 101, public companies...

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May 11, 2022

“The market structure is a disaster.” That’s what Lee Cooperman said in a CNBC conversation yesterday with “Overtime” host Scott Wapner. What he thinks is wrong is the amount of trading occurring off the exchanges in so-called dark pools and the amount of shorting and...

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May 4, 2022

You never know where you’ll hear a new vocabulary word.  It’s not the word that matters but what it connotes.  And the context in which one hears it.  In this case, it was hedge-fund billionaire Paul Tudor Jones on CNBC Squawk Box yesterday, talking about...

TQ and KQ in St Barts 2022
April 27, 2022

Did you know the Caribbean is full of brown boobies?  The blue-footed brown booby, about the size of a seagull.  We’re just back from sailing St Martin and St Barts, where the critters of both sea and sky delighted. Unlike the stock market, apparently, which...

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April 13, 2022

Ahoy! As you read, we are stopping in Charlotte en route to a 2pm arrival in Sint Maarten in the Caribbean. We saw the inflation print at 8.5%, plunging consumer confidence, rising credit risk, the supply-chain morass, and said, “Let’s flee to the sea.” Okay,...

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