Market Structure Insights

October 9, 2013

We saw Gravity last weekend and like so many others I immediately thought of the equity market. Karen hates how movie trailers today tell the whole story (guess it saves one having to see films), so I’ll offer but a glimpse. At the start, George...

October 2, 2013

“When I talk about this stuff with clients, they’re only half-listening until this phrase appears.” Thus spake my learned friend Jim MacGregor, at Abernathy MacGregor in New York City, whose views I hold in high esteem. “What stuff? What phrase?” I said. “Market Structure. ‘How...

September 25, 2013

You can see what investors are doing. When indexes are rebalancing, NASCAR ensues. No, not a bunch of noise and southern accents. A race. On Sep 17 with kickoff of the Federal Reserve’s meeting last week, the top price-setting authority behind the S&P 500, using...

September 18, 2013

The word of the week was “flood.” Here in Colorado, Denver had a coup d’état by weather patterns from Portland, Oregon for a week but our streets never ran in torrents. Where the Rocky Mountain watershed empties to the flood plain from the Mesozoic Era,...

September 11, 2013

We smell autumn on the wind in Denver. Soon the backbone of the continent will transform from verdant to orange and yellow and caramel as the aspens salute departing summer. It’s a process spanning weeks, an epoch compared to equity-market timeframes nowadays. Investors want an...

September 4, 2013

“My CEO doesn’t get market structure.” I’ve heard that more than a time or two! IROs wanting executives to grasp market complexity in order to see share-behavior in an accurate and contemporary fashion run into the buzz saw of The CNBC Mindset. I’m not criticizing...

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