As pointed out a fortnight ago in the STA blog, I believe that Charles Dow’s third tenet, that the market discounts all news, is the most important of his six. Put it another way, price contains all current knowledge, expectations […]

You may not use it yourself, but you’ve probably heard of the Andrews Pitchfork.  At first sight it looks like some sort of mean regression with standard deviations either side and, because of this, it is also known as the […]

This week’s report by the Institute of Fiscal Studies into the difference between men and women’s pay was all too predictable and just as disappointing.  Precious little progress in narrowing the gap not just in hourly pay, but promotion prospects […]