ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro and Summary The housing market is entering its spring selling season, but for me this moment is more about spring cleaning. The seasonal trade in home builders and housing-related optimism has run its course far sooner and far weaker than I expected. What should have been a period of improving momentum has … Read more
The Market Breadth Summary Stock Market Commentary Uncertainty is the theme for this market, extreme uncertainty in geopolitics, economic conditions, monetary policy, and domestic politics. The accumulated uncertainty has made the market war weary and exhausted buyers. This exhaustion dampens the potential for oversold conditions to deliver a meaningful bounce in the stock market. For … Read more
The stock market in this war-driven sell-off has offered no place to hide except for a few pockets of speculative activity, and Hertz Global Holdings (HTZ) and Avis Budget Group (CAR) have suddenly become meme stocks attracting heavy trading interest. Money is flocking into these stocks, driven by a narrative that travel disruptions are creating … Read more
The Market Breadth Summary Stock Market Commentary A week ago, I claimed that the stock market was all about oil. Now the stock market is all about war. Oil prices are up because of the war by the U.S. and Israel against Iran. An even larger issue is the cascade of impacts from an escalating … Read more
The Market Breadth Summary Stock Market Commentary Oil prices loom over financial markets. Oil prices are being driven largely by whether the Strait of Hormuz remains effectively closed following Iran’s retaliation against attacks by the U.S. and Israel. The inverse correlation over the last two weeks has been clear: oil prices up, stock prices down … Read more