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 In my last Housing Market Review, I discussed the prospects for the impact of higher interest rates. I concluded there could be little impact on prices. Those dynamics could soon be overshadowed by the impacts of a global economic war and the declining sentiment that comes from watching the misery … Read more
Housing Market Intro and Summary A hawkish Federal Reserve has changed the game for the housing market. At first, I thought the normalization in monetary policy would generate a “settling in” for the housing market. However with inventories tight, a scarcity in available labor, rising material costs, and a dysfunctional supply chain, higher rates may … Read more
There was a hopeful narrative going into the last week’s Federal Reserve meeting that Fed Chair Jerome Powell and company would emerge more dovish. The stock market’s sell-off this year could frighten the Fed into standing down from its earlier insistence about tightening monetary policy. Not only did Powell stride into the press conference unbowed … Read more
Stock Market Commentary I earlier wrote about a forlorn stock market writing a love note to the Federal Reserve. This love note comes in the form of a basket of sell-offs. The selling is so broad and so deep that traders could throw a dart and find descriptive stock charts. The examples below are some … Read more
“…certainly with valuations where they are, I’m sure we’re going to go through a doozy of a correction this year. At some point. I don’t know when. And I don’t know why. But I do know, it never hurts to take profits and to keep some powder dry so that you have the psychological wherewithal … Read more