Market Structure Insights

dreamstime m 155967106
March 30, 2022

This is weird. I’m traveling to an actual business meeting, by aircraft, and I intend to wear a suit. There are many things in our society that I had considered weird but these two were not among them. It’s pretty weird seeing Will Smith slap...

dreamstime m 129811007
March 23, 2022

What’s 218 pages and heavily footnoted? No, not an Act of Congress. Federal laws are ten times longer or treated as unserious. It’s the new SEC proposed short-sale rule. I admit, I was excited. As the sort who read Tolstoy’s War and Peace in high...

dreamstime m 76839447
March 16, 2022

Shocking. No other word for it. Yesterday as VIX volatility futures settled on an odd Tuesday, Barclays suspended two of the market’s biggest Exchange Traded Notes (ETNs), VXX and OIL. Let me explain what it means and why it’s a colossal market-structure deal. VXX is...

Eyes Wide Open
March 9, 2022

Here’s my grand unified theory on the world. We stopped following the rules. Not that humans don’t color outside the lines routinely. But in the last two years we jettisoned restraint. That gave rise to chaos in the stock market, imperialism in Ukraine. Here’s what...

symbol of geopolitics the world globe with chess pieces
March 2, 2022

The stock market last week posted its best day since 2020 and gave it back. Why? And why does your stock rise while another falls, and how do stocks trade today? I’m glad you asked! A week ago on Feb 23, the market moved clear...

Sell Off Freeway Sign Selling Stocks Panic Divesting Investments
February 23, 2022

I took a screenshot yesterday at 2:22pm, on Feb 22, 2022. Sign from God? Turning point? Hogwash? Those are better than most proffered reasons for the stock market’s moves. Lately it’s been delivering pain. Blame goes to Ukraine, where the Gross Domestic Product of about...

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