Market Structure Insights
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...
October 6, 2021
Why do you hold an Analyst Day? Traders and investors, these are what Joel Elconin on Benzinga Premarket Prep this past Monday called “the dog and pony show.” For the investor-relations profession, the liaison to Wall Street, it’s a big deal, ton of work. We...
September 29, 2021
It’s window-dressing. That saying suggests effort to make something appear better than it is. And it’s a hallmark of stocks in today’s Relative Value era where the principal way we determine the worth of things is by comparing them to other things (true of stocks,...