Market Structure Insights
February 26, 2020
I apologize. Correlation between the market’s downward lurch and Karen’s and my return Sunday from the Arctic Circle seems mathematically irrefutable. Shoulda stayed in Helsinki. I wouldn’t have minded more time in the far reaches of Sweden and Finland viewing northern lights, sleeping in the...
February 12, 2020
Does it matter where stock-trades occur, investors and public companies? It does to the stock exchanges. The explosion in passive investing has driven trades toward the last price of the day, found in stock-exchanges’ closing auctions. Why? Index and Exchange-Traded Funds need to track a...
February 5, 2020
You know it’s after Groundhog Day? We passed Feb 2 and I don’t recall hearing the name Punxsutawney Phil (no shadow, so that means a reputed early spring). Reminds one of the stock market. Things change so fast there’s no time for tradition. We have...
January 29, 2020
What did you say yesterday to your executive team, investor-relations officers, if you’d sent a note Monday about mounting Coronavirus fears? The market zoomed back, cutting losses in the S&P 500 to about 2% since Jan 17. We said here in the Market Structure Map...
January 22, 2020
Coronaviruses are common throughout the world. So says the US Centers for Disease Control and Prevention. The market didn’t treat news of spreading cases in China and the first in the USA (from a Chinese visitor) that way though. Airline and gaming stocks convulsed yesterday....
January 15, 2020
Proportional Response is the art of defusing geopolitical conflict. Proportional Response is also efficient effort. With another earnings season underway in the stock market, efficient effort should animate both investment decisions, and investor-relations for public companies. I’ve mentioned the book The Man Who Solved the...