Stock prices are usually explained through earnings, interest rates, economic growth, and investor expectations. Those factors matter, but there is another force working underneath the market every day: the movement of enormous pools of institutional capital. Pension funds, insurance companies,…

A stock market index can hit a record high while most stocks underneath it are quietly struggling. That sounds strange, but it happens because major indexes are often weighted toward their largest companies. A handful of mega-cap stocks can push…

A company reports record profits, analysts celebrate another strong quarter, and the stock price jumps. Everything looks great – until you open the cash flow statement and discover that actual cash generation barely moved. That gap is exactly why earnings…