Tag: stock market

Adena T. Friedman, president and chief executive officer of Nasdaq, will be on the Washington University in St. Louis campus at 4 p.m. Thursday, Oct. 19, in Knight Hall’s Emerson Auditorium as part of the David R. Calhoun Lectureship. Co-sponsored by Olin Business School and Arts & Sciences, the lecture series aims to bring to campus well-known national leaders discussing how their value system and global experience creates an impact in the business environment.

Friedman assumed the role of Nasdaq president and CEO in January 2017 and proceeded to steer the company through the implementation of new architecture — called Nasdaq Financial Framework — that earned her Institutional Investor’s No. 1 spot in its 2017 Tech 40 list of financial technology leaders.

While serving as Nasdaq’s president and COO through 2016, Friedman oversaw the company’s business while focusing on driving efficiency, product-development growth and expansion.

Wrote Friedman in an Oct. 6 LinkedIn blog post:

“To Nasdaq, tomorrow isn’t an expression of time but a story to rewrite about a connected ecosystem that constitutes a market of possibilities. We possess what is needed to unleash those possibilities: the leading-edge technology, the forward thinking, and the power of data and analytics. We have the ingenuity to power economies, the insights to empower people, and the integrity that is the cornerstone of all markets.

“With those resources, we are going to rewrite ways to expand wealth, create jobs and enrich people’s lives. We aim to set the pace for all that — for re-thinking capital markets and economies anywhere and everywhere.”

Friedman earned a bachelor’s degree in political science from Williams College and a master of business administration from the Owen Graduate School of Management at Vanderbilt University.

The Calhoun Lecture is free and open to the public but registration is encouraged as seating is limited in Emerson Auditorium. A reception will follow.

Guest Blogger: Chuck Finder, The Source. Photo credit: Matt Greenslade/photo-nyc.com

If you want to know where the stock market is going, follow the short sellers. That’s the advice from Olin researchers based on their research into the patterns of short sellers and market cycles. The new index they have devised currently predicts that 12 months from now, US stock prices will be higher. Marketwatch columnist Mark Hulbert talks to Olin assistant professor of finance, Matthew Ringgenberg about the short seller index:

The index that he and his co-authors came up with measures the extent to which any given month’s short-selling volume is above or below trend. It’s this index that they found to have a superior track record forecasting the stock market’s returns over the subsequent 12 months.

The index is based on research by Matthew Ringgenberg and Guofu Zhou, professors at Olin Business School and David Rapach, St. Louis University, Cook School of Business. Professor Ringgenberg discusses the research and index in video, click below to watch.

Link to Marketwatch column.

New research from Olin turns to yesterday’s headlines from The Wall Street Journal to predict periods of stock market volatility and the resulting returns. Prof. Asaf Manela explains his research in this Meet the Professor video.

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Dallas Morning News columnist Will Deener uncovers the hidden indicator of stock market direction revealed in new research from Olin professors Matthew Ringgenberg and Guofu Zhou.

Read more here and watch video.

“New stock market indicator shows 2015 will be profitable,” an opinion piece by Mark Hulbert on the MarketWatch website credits research by Olin finance professors Matthew Ringgenberg and Guofu Zhou, and their co-author David Rapach, an economics professor at St. Louis University, for developing a new market tool based on short selling.

Hulbert writes, “The new indicator is based on the total amount of short selling in U.S. stocks. (Stock exchanges release information on short selling, which is a way that investors bet on a decline in prices.)

“Short interest is calculated by comparing the percentage of shares outstanding that’s sold short, or how many days a stock’s trading volume that short interest represents.”

Prof. Ringgenberg explains the insight that short sellers have in the marketplace in the video above. Read more research by Prof. Ringgenberg on short selling in Olin Praxis.

graph image: Matthew Ringgenberg