The Market Structure Map
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 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...
January 3, 2024
Will this be the year? Speaking of which, happy New Year! The year for what, you ask? I was reading an Institutional Investor piece yesterday from the NIRI IR Update Daily on what investment managers see. Forty-one percent expect a 2024 decline in revenue. Why?...
December 13, 2023
Anything you say can and will be used against you in the stock market, public companies. By machines. And I don’t mean just that stocks get hammered like ORCL yesterday, down 12%. Stocks that rise 24% on earnings like PATH don’t benefit in the long...
November 22, 2023
I have never been more profoundly grateful than I am this Thanksgiving 2023. I wish you the season’s blessings, and gratefulness. Prudence doesn’t hurt either. Especially if your career revolves around the US equity market, as mine does. And we don’t say prudency. So why...
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...