Market Structure Insights
April 26, 2017
If you’ve never been to Sedona, AZ in April, go but guard yourself because it will lay hold on your spirit and make it captive to unrelenting beauty. How does the French election, yet unfinished, help US stocks? Wait, no. It’s not the French election...
April 19, 2017
Why don’t I trade like my peers? The CEO is sure it’s because investors don’t understand something – how you manage inventory, your internal rate of return targets. Pick something. Investors ask the same question. Why does that stock lag the group? For answers, they...
April 12, 2017
In Texas everything is bigger including the dry-aged beef ribs at Hubbell & Hudson in the Woodlands and the lazy river at Houston’s Marriott Marquis, shaped familiarly. We were visiting clients and friends before quarterly reporting begins again. Speaking of which, ever been surprised by...
April 5, 2017
The point isn’t that Blackrock picked robots over humans. The point comes later. If you missed the news, last week the Wall Street Journal’s Sarah Krouse reported that Blackrock will revamp its $275 billion business for selecting individual stocks, turning over most decisions to machines...
March 29, 2017
You might think today’s title is about physical fitness. No, ModernIR is an equity data analytics firm, not a personal trainer. I first heard the term “race conditions” used to describe stock-trading at TABB Forum, the traders’ community, in comments around an October 2012 article...
March 22, 2017
Is the era of high-frequency trading over? While you ponder whether “High Speed Risk” might be a good name for your garage rock band, let’s reflect on stocks. We said last week: “Our Sentiment is negative for the first time since the election. It’s a...