In my 2012 book, Backstage Wall Street, I spend about a quarter of my word count talking about the stuff I’d seen at some of the brokerage firms I’d worked at. I even reprinted the scripts they were teaching us, in the hopes that the reader would be better prepared for the next incoming cold call…

  Cartoon by Harley Schwadron

Ace technician Stephen Suttmeier writes at Bank of America Merrill Lynch: The often overlooked NYSE set up big breakout One US equity market index that investors often overlook is the NYSE Comp. The headlines have focused on NASDAQ 5000, but the NYSE is a broad-based index with 1995 members (NYA Index) that is set up…

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Cartoon by Harley Schwadron

Just kidding, I never made it to London. American Airlines put us through hell last night. They boarded us in New York at 5:40 pm, I was already a refugee from another canceled flight. Then we left the gate and the pilot said we were in a queue to have our wings de-iced. Then they said…

Posting will be light for the remainder of this week – As you read this, I’ll be flying to London Heathrow! It’s an overnight flight, so wish me luck that I’ll be able to get a few hours sleep. I haven’t been to London in forever, I’m really excited. I’m giving the keynote speech at…

If your first question of an advisor concerns their track record, you’re going to get exactly what you’re asking for – the wrong information.

At the request of so many investment advisors, my friends at Riskalyze share the big trends in the assets going into and coming out of advisor portfolios every week. The underlying data is aggregated from hundreds of thousands of client accounts across the $44 billion and counting that advisors manage on the Riskalyze platform*. I…