Market Structure Insights
July 8, 2015
Picture a mountain river still crisp with snowmelt babbling happily. Now imagine a town on its banks. Suppose thousands of people jammed the waters congenially in every kind of flotation device, laughing and floating downstream. That’s Steamboat Springs CO on July 4. But babbling should...
July 1, 2015
The problem with kicking the can down the road is what happens when you reach a hill. Speaking of hills, Taos wasn’t what we’d expected. Galleries cluster the square, yes. We loved our circuitous bike ride along the foothills to Arroyo Seco. El Meze boasts...
June 24, 2015
What moves you? I gave it thought during ModernIR’s tenth NIRI National (I think 18 of them total for me now) at the Hyatt Regency in Chicago, here looking north across the river from the 33rd floor. It’s easy to fall into habits and skirt...
June 17, 2015
As the US investor-relations profession’s annual confabulation concludes in the Windy City, we wonder how the week will end. The problem is risk. Or rather, the cost of transferring it to somebody else. Today the Federal Reserve’s Open Market Committee Meeting adjourns with Janet Yellen...
June 10, 2015
The equity market is like Mark Twain said. The trouble ain’t what people don’t know, it’s what they know that ain’t so. Thus did Sam Clemens articulate the difference between the price of ignorance and the consequence of arrogance. I thought about this distinction a...
June 3, 2015
The midday equity-market silence is deafening. Writing for the Wall Street Journal last week, Dan Strumpf roiled capital-markets constituents describing how stock-trading is now focused around the opening bell and the last half-hour, with volume dribbling otherwise. NYSE strategists are now contemplating a midday auction....