Macro Strategy and Market Insights by Michael Green
Michael Green: Passive share increases challenge informationally efficient markets
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, references the Grossman-Stiglitz theory about the impossibility of fully informationally efficient markets. He ...
Asset price reflects marginal supply and demand balance, Michael Green notes
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, explains that the price of an asset is determined by the interaction of marginal supply and demand. He notes ...
Michael Green: Investing in dominant companies reflects a future-focused strategy
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, comments on investment approaches that focus on leading companies currently dominating the market. Green uses a ...
NY Fed uses lagging inflation expectations over market metrics, Michael Green notes
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, questions the New York Federal Reserve's reliance on lagging inflation expectations data, suggesting the central ...
Michael Green: Average couple's annuity value and assets point to financial stability
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, discusses the components of average household wealth. He notes that the values of Social Security and Medicare ...
Levered ETFs like SOXL may cause volatility, Michael Green warns
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, warns that levered ETFs are the most likely instruments to spark another Volmaggedon-type scenario. Green ...
Michael Green: Chip firms poised to hold firm on AI memory supply strategy
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, draws attention to the influence chip companies have over AI memory supply, likening it to the control oil ...
Domestic policy choices shaped financialization shift, Michael Green notes
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, argues that the major shifts dismantling the postwar economic configuration and accelerating financialization ...
Michael Green: Most active ETFs are levered sector or single stock products
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, states that most products classified as active ETFs primarily include levered sector and single stock ...
Seed stage company numbers are shrinking, Michael Green points out
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, observes a notable decrease in the total stock of seed stage companies. He remarks that, although it may have ...
Michael Green: Distress continues in rate sensitive sectors, stock market observers misread rates impact
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, points to rising distress within sectors sensitive to interest rates. He adds that those looking at the stock ...
Payroll jobs up $503,000 but household employment down $473,000, Michael Green notes
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, highlights a significant gap between two key U.S. employment surveys. Green observes that over the last year, ...
Michael Green: Overvalued equity can threaten core company value
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, highlights a quote from Michael Jensen in 2005 that discusses the risks of a company's equity becoming ...
Rising food insecurity is tied to weaker consumer sentiment, Michael Green notes
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, recommends a recent report that scrutinizes the U.S. Federal Reserve’s temporary focus on equities. He ...
Michael Green: U.S. military purchase guarantees played major role in rare earths shift
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, discusses the impact of U.S. military purchase guarantees on the rare earths market. Green points out that ...
Respect in doubt for Fed Chair exceeding 2 percent thresholds, Michael Green notes
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, questions the credibility of the Federal Reserve Chair who has consistently allowed inflation to exceed the 2 ...
Michael Green: Market decisions dominated by algorithms over portfolio managers
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, comments on the evolving dynamics of portfolio management. Green suggests that human portfolio managers have ...
Disagreement on Bitcoin principles highlights community divisions, Michael Green argues
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, raises concerns about Bitcoin's underlying principles and its status as sound money. Green points out ...
Michael Green: Powell's Fed policy in 2018-2019 was overly reactive
Michael Green, chief strategist and portfolio manager at Simplify Asset Management, argues that Jerome Powell's tenure as Fed Chair was defined by an overly reactive policy. Green states that ...
Arbitrage emerges amid passive dominance, Michael Green notes
Michael Green comments on a recent article that, in his view, overlooks the roles of ETFs, options, and payment for order flow in current markets. He argues that market 'renaissance' is not due to ...
Michael Green: 1950s tax code redistributed luck and boosted aggregate outcomes
Michael Green comments on the unequal distribution of expected value, which he says often ends up in the hands of a small number of individuals who attribute their gains to skill rather than luck. ...
