ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro and Summary A potential peaking in mortgage rates may be the only good thing to say about today’s housing market. Sales continue to slide, input costs remain high, affordability continues to decline, and builder sentiment sinks lower and lower. The reports from August tell a consistent story of a steepening housing downturn. … Read more
Stock Market Commentary: Jerome Powell, and the Federal Reserve, remained resolute with the anti-inflation rhetoric. The stock market hated it. Slowing growth, recession fears, and hopes for “peak inflation” are still not producing the result Wall Street wants: a Federal Reserve backing down from monetary tightening, also known as “the pivot.” The bears seized the … Read more
Housing Market Intro and Summary Talk of an imminent recession has almost reached a feverish pitch. Accordingly, it is easy to find fears and expectations for an imminent housing crash. The crash watch is morbid as it relies on desperate home owners falling behind on mortgage payments and/or burdened by sinking equity to exit the … Read more
Stock Market Commentary: Get used to it. The economy continues to unfold in unexpected ways. An exceptionally strong July jobs report threw some cold water on the breathless expectations on Wall Street for a recession. As one journalist commented on Marketplace, today’s economic context is a strange one with so many talking about a recession … Read more
Stock Market Commentary: The stock market overcame a serious setback with an impressive rebound. The rally started before Jay Powell announced the Federal Reserve’s latest decision on monetary policy and pushed higher afterward. The market seemed determine to launch as the opening gap up immediately erased the previous day’s loss. Buyers never looked back and … Read more