The Market Structure Map
January 17, 2024
What do bitcoin Exchange Traded Funds mean for public companies? More competition for those dollars you chase with your story. A number of you emailed or texted similar thoughts after the SEC faceplanted into approving the instruments last week (a supposed “hacked” announcement on X...
January 10, 2024
Total nonfarm payroll employment increased by 216,000 in December. So said the headline from the Bureau of Labor Statistics in its monthly report on jobs in the USA. These figures are often revised after the fact by 50%, as happened in the trailing two months...
January 3, 2024
Will this be the year? Speaking of which, happy New Year! The year for what, you ask? I was reading an Institutional Investor piece yesterday from the NIRI IR Update Daily on what investment managers see. Forty-one percent expect a 2024 decline in revenue. Why?...
December 13, 2023
Anything you say can and will be used against you in the stock market, public companies. By machines. And I don’t mean just that stocks get hammered like ORCL yesterday, down 12%. Stocks that rise 24% on earnings like PATH don’t benefit in the long...
December 6, 2023
Demand Signal would be a great name for a rock band. I heard it from Microsoft’s president Brad Smith, who is an attorney, not an engineer. He said Microsoft’s investments in startups often benefit from Microsoft’s “demand signal.” If we’re doing it, you should be...
November 29, 2023
It’s the 159th anniversary – without fanfare – of the Sand Creek Massacre in southeastern Colorado. Karen once accompanied me out to Lamar and up highway 385 to Chivington (named for the guy behind the massacre), and nine miles out a dirt road to the...