Afternoon Note
The market was acting like it was ready to rally, then the bottom dropped out. There were no big changes to treasury yield or crude oil – both were threatening from the start of trading. Maybe, it was this:
Breaking News
The SEC signals it will do more than deliver lip service and finally shake up stock trading rules.
Robinhood Executive Attacks SEC’s Plans to Shake Up Stock-Trading Rules WSJ |
A top executive with Robinhood blasted the Securities and Exchange Commission over its efforts to shake up the rules that govern U.S. stock trading.
Chief Legal Officer Dan Gallagher said Wednesday that individual investors were enjoying huge benefits, such as zero-commission trading and lightning-fast execution of their stock orders, from the current structure of U.S. equity markets.
“It is a really good climate for retail, so to go in and muck with it right now, to me, is a little worrisome,”
I have news for Dan, the system is already mucked up and losing confidence of retail investors every day.
Ironically, as the news was crossing the wires, the stock market took a big hit and a tweet at Zero Hedge summed up what a lot of people believe:
I’m thrilled the SEC finally discovered retail investors. Although, I do not 100% trust that the final rule changes will live up to the promise.
Still, I think there is an elegant solution where retail could pay a small commission and truly be the customer rather than the mark.
Remember, if it’s too good to be true…it’s a cookbook.
Okay, just two nights and a wakeup to the CPI report. I do not think there has ever been a more anticipated CPI report in my life.
Tweet |
7/1/2022 1:42 PM | Enjoy your Fourth of July |
7/1/2022 9:33 AM | Devastating Half |
6/30/2022 1:50 PM | Theater of the Macabre |
6/30/2022 9:29 AM | THINGS WE DON’T UNDERSTAND |
6/29/2022 1:53 PM | Choppy Session |
6/29/2022 9:28 AM | ASSETS GIVE UP |
6/28/2022 2:05 PM | Early Bounce Faded |
6/28/2022 9:55 AM | WAKE ME UP WHEN THE ACTION STARTS (AND SELLING STOPS) |
6/27/2022 1:57 PM | Waiting for Nike Results |
6/27/2022 9:35 AM | AND THE LAST SHALL BE FIRST (SOMETIMES) |
6/24/2022 1:31 PM | Rocket Fuel |
6/24/2022 9:43 AM | TINY SIGNS BUT SIGNS NONETHELESS |
6/23/2022 1:34 PM | Waiting Game |
6/23/2022 9:41 AM | BIDEN’S BLAME GAME BLOWS RALLY ATTEMPT |
6/22/2022 12:55 PM | Bottom Making Process |
6/22/2022 9:29 AM | NICE BREAK - BUT THE BEAR IS IN CONTROL |
6/21/2022 1:29 PM | Digging the Spunk |
6/21/2022 9:28 AM | DIAMONDS AMID THE RUINS |
6/17/2022 1:22 PM | Black Gold |
6/17/2022 9:41 AM | HIT PARADE |
6/16/2022 1:07 PM | Recession Fears |
6/16/2022 9:37 AM | They Did It |
6/15/2022 1:20 PM | Bracing for Fed Decision |
6/15/2022 9:40 AM | Fed Watch |
6/14/2022 1:46 PM | Cut It With A Knife |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|