ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The dollar’s recent relief rally stalled out December 23 (see chart below), and December’s disappointing jobs report may have officially ended it. The apparent working thesis supporting the dollar’s relief rally has been an expectation that an imminent recovery in the labor market would motivate the Fed to raise interest rates sometime soon. December’s disappointing … Read more
(Repost from January 7, 2010) Naoto Kan, Japan’s new Finance Minister, took office today and promptly requested that currency traders sell the yen. This stance further supports September’s backtracking from an implicit stronger yen policy earlier suggested by out-going Finance Minister, Hirohisa Fujii. Japan has now officially returned to the de facto competitive devaluation that … Read more
(repost from January 4, 2010) Yesterday, Federal Reserve Chairman Ben Bernanke spoke at the annual meeting of the American Economic Association in Atlanta, Georgia. In his speech titled “Monetary Policy and the Housing Bubble,” Bernanke presented statistical (econometric) analyses to demonstrate that monetary policy contributed very little to the recent housing bubble in the U.S. … Read more
The stock for SunPower Corporation (SWPRa) has remained in a holding pattern, directly under resistance from the 50-day moving average (DMA), in the two weeks since SPWRa provided an empty update on its on-going audit committee investigation. I took this opportunity to dump my current position at break-even. I feel fortunate to do so after … Read more
Worried about inflation? Fidelity packages an offering of funds and analysis on the potential threat of inflation (tags: inflation investing) SunPower Solar Projects Lose Key Player | TheStreet.com Both the SunPower and First Solar potential solar-farm pipelines look good on paper. It's the timeline to completion, and the threat of permitting delays followed by appeals … Read more