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: Latest Warning The Stock Market Summary Rising oil prices dominated the trading backdrop last week. Soaring oil prices helped emphasize inflation fears and bolstered higher bond yields (rates). While the S&P 500 and the NASDAQ survived tests of critical support thanks in large part to strong rebounds in AI-related stocks, small … Read more
The Market Breadth Summary: Nearly Broke The Stock Market Summary I am surprised that the stock market ended the week as well as it did given that early in the week rising interest rates nearly broke market breadth. Rising treasury yields followed higher oil prices and a worldwide sell-off in sovereign debt. The benchmark U.S. … Read more
The Market Breadth Summary: Gold Shined The Stock Market Summary Gold shined as money rotated away from tech and retail, market breadth cooled, and energy, healthcare, crypto, and precious metals took the spotlight. The U.S. Treasury’s intervention in the government bond market helped weakened the U.S. dollar and ignited gold. The specter of the government … 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
The Market Breadth Summary: AI Crash The Stock Market Summary First, technology cracked and next the AI trade crashed. The crash is not obvious because the stock market absorbed the crash quickly and, perhaps most importantly, many AI trades are still up significantly for the year despite trading down 30%, 40%, 50% and more from … Read more