ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary The month of August featured three distinctly strong expansions of market breadth. The last expansion featured the largest single-day expansion I have ever seen. In between these episodes, the market showed signs of exhaustion. The latest exhaustion is centered on the AI trade. NVDA earnings slightly disappointed and included slowing revenue growth … Read more
Housing Market Intro and Summary What happened in the housing market for August, 2025? The housing data remained stuck in slowdown territory, but the stock market followed through as expected on a bearish to bullish turn in the prices of the stocks of home builders. Financial markets are largely anticipating lower mortgage rates as a … Read more
Stock Market Commentary Finally the bears break in on all the fun the bulls have had for months. The stock market got overwhelmed with a flood of bad news that was just too difficult to ignore or look through (for now). The July jobs report was not just weak but also it included a massive … Read more
Housing Market Intro and Summary What happened in the housing market for July, 2025? The housing data looked as bad as ever, but the stock market has finally responded favorably to the stocks of home builders. This forward-looking display of “green shoots” forms the basis of a “bearish to bullish reversal.” The catalyst for this … Read more
Housing Market Intro and Summary What happened in the housing market for June, 2025? The spring housing market slipped further, reinforcing a trend of deepening weakness. Inventories continued to surge while both prices and mortgage rates remained elevated. Builders are pulling back, permits are declining, and buyer demand is soft. The housing market’s deteriorating momentum … Read more