ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary: AI Crash The Stock Market Summary First, technology cracked and next the AI trade crashed. The crash is not obvious because the stock market absorbed the crash quickly and, perhaps most importantly, many AI trades are still up significantly for the year despite trading down 30%, 40%, 50% and more from … Read more
The Market Breadth Summary The Stock Market Summary I focused on two major developments during the past week of trading: the reemergence of oil and the skittishness of the AI trade. The resumption of the war against Iran nudged oil higher after multiple attacks against oil tankers had already brought an end to oil’s weeks-long … Read more
Housing Market Intro and Summary While Congressional passage of landmark housing legislation positively changed sentiment toward home builders, the underlying housing data continues to point toward stasis. Only existing home sales showed life in May while all the other indicators deteriorated or remained flattish. A decline in builder sentiment for May suggests that housing data … Read more
The Market Breadth Summary The Stock Market Summary Juneteenth symbolizes the tension between hopes and dreams and the realities required to achieve them. That same tension was evident across financial markets last week. The same theme of hopes and dreams contrasting with reality played out in the financial markets this past week. Over the past … Read more
The Market Breadth Summary The Stock Market Indices Well, it had to happen. I did not know when, how, or just how bad it would be, but at some point the stock market had to cool off. This past week delivered a cooling of all coolings as bears decided to seize the narrative back from … Read more