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 Rebound The Stock Market Summary The stock market rapidly transitioned from an AI crash to all-time highs in less than one week. Strong earnings revived the AI trade, software joined the advance, and the major indices pushed back toward their all-time highs. Momentum faded in the middle of the week … Read more
Housing Market Intro and Summary The 21st Century ROAD to Housing Act became a milestone in July for the housing market. Housing-related stocks pulled back from peak levels. The data released in July showed more stasis and tepid market dynamics. The bump in sentiment associated with House passage of ROAD proved to be temporary, suggesting … 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
Housing Market Intro and Summary Across builder stocks, construction activity, permits, new home sales, and existing home sales, the same pattern persists: the housing market has yet to achieve the escape velocity needed to break free from its multiyear ranges. A month ago, the housing market and related stocks looked like they were clinging to … Read more
Housing Market Intro and Summary The housing market again seemed to tell a tale of divergent markets between new and existing homes. While new home sales and starts fared well, a large setback in builder sentiment sets the stage for setbacks in April’s new home sales. Existing home sales completely erased the wistful optimism from … Read more