Market Structure Insights

November 17, 2021

A lot has happened on Nov 17.  Queen Elizabeth took the throne in 1558. Napoleon beat the Austrians outside Venice (and declared Piazza San Marco the “world’s most beautiful drawing room”) in 1796. On this date in 1855, David Livingstone saw Victoria Falls. General Ambrose...

November 10, 2021

The drug wears off.  Four-word summary for monetary policy and markets. If you’re thinking, “I can’t take any more market structure or monetary policy!” you’re not alone. Karen is with you! I won’t bore you, promise. There are things to know. Hang with me. First,...

November 3, 2021

One of the penalties of refusing to participate in politics is that you end up being governed by your inferiors. So, purportedly, said Plato. That’s our sole word on current elections. Now let me tell you how my order to buy 50 shares was internalized...

October 27, 2021

D-whacked.  That’s how some described the stock market the past few days.  Since Donald Trump has been cancelled from popular culture, you’d be excused for missing the debut of a SPAC associated with the former President called Digital World Acquisition Corp (DWAC). You get it...

October 20, 2021

Gamestop wasn’t our fault.  That’s the conclusion of the Securities Exchange Commission in a 45-page report.  I’m reminded of Gulliver. Not tiny people with tiny ropes tying down the giant SEC while it slept.  Satire. That the SEC exonerated itself comes as no surprise. Ask...

October 13, 2021

Winter is coming. But autumn is mighty fine this year in the Rockies, as my weekend photo from Yampa Street in Steamboat Springs shows. Winter follows fall and summer. Other things are less predictable, such as economic outcomes and if your Analyst Day will do...

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