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: Broke Sharply The Stock Market Summary The S&P 500 rose fractionally for the week and hid some large market catalysts under the surface. Market breadth broke sharply from the S&P 500 with a large loss and return to the bottom of a trading range. A bearish breakdown in small caps provided … Read more
Housing Market Intro and Summary The stocks of home builders are stuck in an enduring bear market that started in late 2024, while the underlying housing market continues to grind through weak sales, depressed builder sentiment, and constrained affordability. Congress’s passage of the 21st Century ROAD to Housing Act provided a beacon of much needed … Read more
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