Market Structure Insights
August 23, 2023
It’s been a surreal week. We’ve had a life-changing event, a terrifying experience. But it’s going to be okay. Those of you in our close circle know. We’re more reflective. And I can’t let beta go. I’m admittedly fixated on it. Especially seeing what happened...
August 16, 2023
Karen and I both have Wahoo Element Roam bike computers. We finish a ride and rush to check the data analytics. Feet climbed, average cadence, average heart rate, distance, peak cycles. It’s how you learn what drives your performance. What cadence can you maintain, what...
August 9, 2023
The signs are there. What if we’re already in a recession? Before you react, hear me out. Gross Domestic Income, the measure of all the money we make in the country, trails Gross Domestic Product, the measure of output, by about 25%, says the St...
August 2, 2023
It’s earnings season, which is like The Palio in Siena. What I mean is it’s a mad scramble, a horse race, a cultural event for public companies and investor-relations officers, the obsession of CNBC. Full of intrigue. For instance, UBER had surprise GAAP earnings for...
July 26, 2023
Now it’s getting weird. Companies are asking us why their shares are up. Most times it’s the reverse. Why’s my stock down? It’s a telling point along the continuum of the Curiously Strong Market. S&P 500 earnings so far this quarter are down about 9%...
July 19, 2023
The stock market says the economy is fine. Or does it? I joined Brian Sullivan and Carson Group Management’s Ryan Detrick on Last Call last night, Brian’s new show. We talked about the economy and the stock market. The Dow Jones Industrials hit a new...