Market Structure Insights
July 22, 2015
I recall knowing one particularly volatile fellow. I should have called him VIX. Speaking of the VIX, options on that popularly titled Fear Gauge expire today as a raft of S&P components report results. Many will see sharp moves in share-prices and attempt to put...
July 15, 2015
You need to defend yourselves as public companies. This clarion lesson comes from last week’s trading halt at the NYSE though we think the exchange handled the outage correctly. Humans want pictures of perfection like Saturday’s Balloon Rodeo in Steamboat Springs. But don’t expect serendipity...
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...