Market Structure

June 2023

Making sense of the market random walk between fear and greed

The Random Walk Theory most clearly laid out by Burton Malkiel, an economics professor at Princeton University, posits that the price of securities moves randomly and that, therefore, any attempt to predict future price movement, either through fundamental or technical analysis, is futile. SGG investment approach has been much focus...

February 2023

Is volume the price action brain?

SGG believes that the market structure is an important behavior factor.  Technology and computing power are definitively  important drivers. The Investment management industry has been highly commoditized and the rise of passive investment is a result. When I say "Commoditized" it  means that  financial products suppliers profit margins have shrunk...