Market Structure Insights
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...
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...
February 16, 2022
See this photo? Winter Carnival in Steamboat Springs. The Old West. Sort of. People ride shovels on snow down main street behind horses. Now. What the hell is happening in extended-hours trading? Could be a shovel ride. You might’ve forgotten with the pace of news...
February 9, 2022
One hundred seventy-eight companies reported earnings yesterday. Could one predict which would rise or fall? There are 148 on deck today, 149 tomorrow. The high point here in the Q4 2021 cycle was Feb 2 with 330. Back in early 2016, Goldman Sachs found that...
February 2, 2022
There are four Pinthouse locations in Austin and Round Rock, TX. We’ve not been to any of them but we’ve had their scrumptious hazy IPA beer, Electric Jellyfish. It may be the world’s best. And the stock market has been an electric jellyfish. Let me...
January 26, 2022
There’s no excuse. It’s 2022. Not 1934, when Benjamin Graham wrote Security Analysis. Back then, the timeless notion of buying profitable companies with undervalued growth opportunity took firm shape. But its interpretation would have to be shaped by the Securities Acts of 1933 and 1934,...