The Market Structure Map
February 17, 2021
Good offense beats good defense. These five words are the heartbeat of the Saban Dynasty in football at Alabama – and the reason for the Gamestop trade in the stock market. Promise, this piece isn’t about sports. It’s about how retail traders killed institutions. It...
February 10, 2021
Editorial Note: A giant thank you to Client Services Director Perry Grueber for penning last week’s Map. He’ll be back regularly, by popular demand. This week you’re stuck again with me. -TQ Something is worth what another is willing to pay for it. That’s the...
February 3, 2021
“Looking good, Valentine!” “Feeling good, Louis!” A gentleman’s bet. But maybe not so fast. Farce met Street last week with good reason distracting many in the Finance and public company arenas. Far better chronicled elsewhere (here a good one on Benzinga’s Monday Pre-Market Prep –...
January 27, 2021
Sailing takes me away to where I’ve always heard it could be just a dream and the wind to carry me. Christopher Cross said it (youngsters look it up). In this pandemic we said, “That boy might have it figured out.” So, with two negative...
January 20, 2021
How durable is the US stock market? It sounds like we’re talking about shoes. Can I wear these hiking? Are they waterproof? No, it’s a legitimate question, a fair comparison. Public companies, your capacity to raise capital, incentivize your executives, and deliver returns to shareholders...
January 13, 2021
The market is always forward-looking, said the pundit. We were driving back from Steamboat to Denver and listening to satellite radio. It was noon coming through Kremmling in Grand County and the temperature was five degrees Fahrenheit, 50 degrees chillier than Denver. And I thought,...