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by Tyler Durden Saturday, Jul 03, 2021 - 06:30 PM In a world where Wall Street admits that it increasingly gets its most precious commodity - information - from social networks such as Twitter, Reddit and Facebook. . it got us thinking about the changing nature of information flow in finance and how it may be impacting markets. Conveniently, in a recent note from DataTrek s Nick Colas, the former SAC portfolio manager takes a big picture look at just this topic, writing that when he started covering stocks in 1991 back at Credit Suisse, there was no Internet, no smartphones, no “Big Data”, no quarterly earnings conference calls, and no real regulation around how companies disseminated potentially market-moving information. All those things exist today, and according to Colas, the fact that the world s financial decision-makers are flooded with instant (and constant) information may well explain part of why US stocks trade at such premiums to prior cycles. But, as Colas also n

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