Market Structure Insights

dreamstime s 108381110
January 11, 2023

I counted the times “issuer” appears in the SEC’s four new market-structure proposals.    Investors and traders (and issuers), should you care? Without issuers, there’s nothing to trade. These rules could push issuers onto the endangered species list.  You can read and comment on the...

Sunshine Peak Dec 2022
January 4, 2023

Cheers! They got it right, and they got it wrong.  I’ll explain in a moment. Karen and I took two weeks off from the Market Structure Map and disappeared into the white wilderness.  Steamboat Springs, CO logged the biggest pre-January snow season in nearly 40...

dreamstime m 25481583
December 14, 2022

About 35 seconds after Consumer Price Index data debuted yesterday at 830a ET, Dow Jones futures were up 950 points. What is the stock market a barometer for?  Inflation was 7.1% instead of 7.3%. The all-time high for blue-chip stocks was 36,952 on Jan 5,...

dreamstime s 6042009
December 7, 2022

When you’re amid the tulips you don’t know it.  Much has been written about the Great 17th Century Dutch Tulip Bulb Mania.  I’m not going to dredge the channel anew. But taking a skiff back to skim over the surface is worth doing, to remind...

Heyward Washington House Charleston
November 30, 2022

Index futures expire today.  Well, if you’re reading November 30, that is.  I’m flying today from Charleston where we’ve spent the month of November to Phoenix for a panel on the rise of thematic investing at the NIRI Senior Round Table conference. Seems a good...

November 23, 2022

The situation leading to the deodorant-lid discovery is unique. We’re in Charleston for the month of November. Yes, it’s dangerous. The odds of getting fat are high. From the Chubby Fish to all the 167s (you who know Charleston know), the restaurants here turn food...

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