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 What happened in the housing market in October, 2024? A reckoning that I anticipated finally came in the form of sharply lower prices for the shares of home builders. After resisting rising mortgage rates for a month, the stock market lost its appetite. Earnings have brought a dose of reality … Read more
Stock Market Commentary Another week, another tease for bears. A fade from resistance joined market breadth in flagging bearish signals for the stock market. Yet, bears are hard-pressed to find a good risk/reward entry, especially considering the on-going uptrends for 2024. The latest confounder for bears has been the market’s general ability to ignore rising … Read more
Stock Market Commentary October is the third of the stock market’s three most dangerous months. October, 2024 started with a convergence of bad news tailor-made to fulfill October’s seasonal destiny: intensifying war and geo-political tensions, two intense hurricanes, the looming contentiousness of the U.S. presidential election, another failure from the overbought threshold (bearish according to … Read more
Stock Market Commentary A strong September jobs report woke up the stock market from lethargic trading. The numbers handily beat expectations and reset expectations for future rate cuts and economic growth. Surprisingly, the good news was not bad news; the market has typically been antsy about getting lower interest rates. Instead of fearing a longer … Read more
Housing Market Intro and Summary What happened in the housing market in September, 2024? Existing home sales fell into a deeper downturn while new home sales maintained an uptrend from recent troughs. Rate cuts are helping to bottom out sentiment for builders. However, great anticipation of a rate cut from the Federal Reserve gave way … Read more