Market Structure Insights

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October 27, 2023

  There are 1,500 companies reporting results this week, a flood of earnings releases all seeking to differentiate a story, a company. At the same time, the Market Structure EDGE quantitative test portfolio limited to just five stocks could find only four, signaling a shift...

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October 18, 2023

Remember the movie Wag the Dog?  Barry Levinson directs, David Mamet (a genius) writes, Robert DeNiro and Dustin Hoffman act.  It’s about creating a distraction. It’s human nature. Probably a public company that might miss expectations pumps out a lot of product press releases beforehand. ...

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October 11, 2023

Would one expect stocks to rise and oil to fall amidst a declared war in the Mideast? Our hearts, thoughts and prayers go out to Israel and our friends, colleagues and clients there (Ps 20:1, Ps 131:3). Mathematically? The market was primed to rise, driven...

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October 4, 2023

Former SEC chair Mary Jo White once said in a speech, “The stock market exists for investors and issuers, and their interests must be paramount.” It’s a view widely intoned by regulators and on Capitol Hill where there is now no speaker in the House...

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September 27, 2023

Why is there a 100% spread between SPY and stocks? SPY is the State Street S&P Depository Receipt, called a “spider” for the acronym SPDR, tracking S&P 500 stocks.  It’s an exchange-traded fund (ETF). The term depository receipt reflects the roots of ETFs at State...

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September 20, 2023

You’ve heard the joke about economists?  You know they’ve got a sense of humor because they use decimal points. The same can be said of market structure, but let’s spotlight only economics today, since there’s a Federal Reserve press conference. That way we leave something...

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