ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
When Jim Cramer gets exorcised about something, I sit up and pay attention. As a student of market extremes, Cramer’s extremes offer their own special trading signals. At the onset of the pandemic, I wrote about “Cramer in turmoil” as a demonstration of how quickly financial narratives can change in response to market extremes, revealing … Read more
Stock Market Commentary A curious break in the trading action unfolded as financial markets wrestled with two “disappointing” inflation reports. Both the CPI (consumer price index) and wholesale inflation (the producer price index or PPI) came in slightly higher than “expected” (headline and core). The data just tell me expectations are unrealistic or at best … Read more
Sometimes it pays to be stubborn. In December, I asked whether Beyond Meat (BYND) would be the speculative trade of the new year. I presented a simple thesis that managed to work out. However, the path from A to B was totally unexpected, and I broke rules along the way. In response to earnings, BYND … Read more
Housing Market Intro and Summary In recent months, the housing market experienced several impacts from declining mortgage rates. An accelerating improvement in consumer and builder sentiment point the path toward a strong spring selling season despite on-going issues of affordability and inventory availability (in the existing home market). While housing starts pulled back from November’s … Read more
Stock Market Commentary Downtrends are over. Bullish breakouts abound. Sellers got one chance last week to try to keep the cork in the bottle of the oversold bounce, but they failed. The stock market insisted on pushing right through. With little time to rest, the S&P 500 and the NASDAQ ended the week with major … Read more