The Market Structure Map
March 13, 2024
My wife Karen is reading Peter Attia’s book, Outlive, which is like reading it myself. I get the benefit of Karen as filter for tidbits and takeaways. Now, I realize. Not everybody loves Dr. Attia. And I’m not suggesting he’s got all the answers. But...
February 21, 2024
Last week, markets were abuzz over the zero that lifted LYFT. For those who were vacationing or living hermetically and missed it, Lyft reported financial results and inadvertently added a zero to adjusted EBITDA margin-expansion, giving machines the notion profit margins improved 5% instead of...
February 14, 2024
I’ve got my Valentine, for which I’m grateful every day. Whether the market finds love after yesterday’s blood remains to be seen. Back when the Romans celebrated Lupercalia, there was blood. Romans knifed a goat to arouse the gods of fertility and then flicked bloody...
January 31, 2024
Consumers are confident. I’m not sure they have all the data. It’s a lesson for public companies. In case you missed it, The Conference Board’s monthly consumer confidence survey reached a two-year high. Nielson runs the survey, and The Conference Board will sell you a...
January 10, 2024
Total nonfarm payroll employment increased by 216,000 in December. So said the headline from the Bureau of Labor Statistics in its monthly report on jobs in the USA. These figures are often revised after the fact by 50%, as happened in the trailing two months...
January 3, 2024
Will this be the year? Speaking of which, happy New Year! The year for what, you ask? I was reading an Institutional Investor piece yesterday from the NIRI IR Update Daily on what investment managers see. Forty-one percent expect a 2024 decline in revenue. Why?...