Market Structure Insights
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...
February 7, 2024
On Nov 15, 2021, NVDA closed at $345.30 on a hundred million shares of volume. Without context, that information is interesting but unhelpful. I’d note it was a monthly options-expirations date (those are bigger than ever for hedging, and routinely we find that Activist swaps...
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 24, 2024
If I said the name “Sherlock Holmes” to you, what’s your snap response? Probably, “Elementary, my dear Watson.” I have long favored a line by Sir Arthur Conan Doyle, written for his fictitious detective Sherlock Holmes. Eliminate the impossible and what remains, no matter how...
January 17, 2024
What do bitcoin Exchange Traded Funds mean for public companies? More competition for those dollars you chase with your story. A number of you emailed or texted similar thoughts after the SEC faceplanted into approving the instruments last week (a supposed “hacked” announcement on X...
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...