ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
CEO Sam Altman launched OpenAI’s DevDay 2025 with a series of demos showing off the generative AI platform’s latest capabilities. I was particularly intrigued by demonstrations of features developed in partnership with several companies including Figma (FIG), Spotify (SPOT), Hubspot (HUBS), Coursera (COUR), and Zillow Group (ZG) (links go to the relevant section of the … Read more
Stock Market Commentary The market staged a quick rebound this week after the “bears break-in” two Fridays ago. Most losses reversed by Monday’s close as buyers stepped in with conviction and quickly repaired the indices. However, the bounce masked the on-going failure of market breadth to keep pace with the S&P 500 and the NASDAQ, … Read more
Stock Market Commentary The week closed with strong speculative energy, particularly in crypto, with the signing of a package of crypto legislation including a stablecoin bill. Surprisingly, the speculative frenzy did not translate into the overall stock market beyond a few select stocks like OpenDoor (OPEN). In fact, the major indices mainly had a steady … Read more
Stock Market Commentary The stock market transitioned from a nervous calm to a confident calm. The NASDAQ and S&P 500 hit fresh all-time highs faster than I could have expected during the depths of the tariff drama, trauma, and noise. Nvidia (NVDA) led the way with a mid-week breakout to all-time highs. The market’s confident calm … Read more
Stock Market Commentary Stock market angst reached a kind of crescendo last week. Poor economic data and bad news – including a plunge in consumer confidence, a 180 degree reversal in the Atlanta Fed’s Q1 GDP growth projection from +2.3% to -1.5%, risk-off trading in cryptocurrencies (apparently due to a massive hack of ByBit), and … Read more