The Market Structure Map
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...
November 22, 2023
I have never been more profoundly grateful than I am this Thanksgiving 2023. I wish you the season’s blessings, and gratefulness. Prudence doesn’t hurt either. Especially if your career revolves around the US equity market, as mine does. And we don’t say prudency. So why...
November 15, 2023
One time in your life, attend a Texas A&M Aggies football game. There’s a lesson. The lesson isn’t that it’s pretty great to get fired as a Division One football coach and earn generational wealth. Now, had I known, I might have focused more on...
November 8, 2023
It’s November and I’m in jeans and flip-flops as I was in Denver in July. It’s 75 degrees. But in Aspen last week for a break around my birthday, it was decidedly wintry. So winter is coming. But winter ended suddenly in the stock market...
October 27, 2023
There are 1,500 companies reporting results this week, a flood of earnings releases all seeking to differentiate a story, a company. At the same time, the Market Structure EDGE quantitative test portfolio limited to just five stocks could find only four, signaling a shift...