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 On Thursday, good economic news scared Wall Street yet again. Initial jobless claims came in well below “expectations” and set off a cascade of reactions. Interest rates shot up and the stock market dropped down. The stubborn strength of the labor market allows the Federal Reserve to stay hawkish and keep its … Read more
Stock Market Commentary: Market breadth almost reached overbought trading territory last week. The Federal Reserve is issuing yet another missive on monetary policy this coming Wednesday. The market’s script is arranged for the potential drama of a collision between the euphoria of overbought trading and a Federal Reserve that is eager to moderate the market … Read more
Stock Market Commentary: On a weekly basis, the stock market seems to flip its abiding theme. One week after I accused the stock market of sleepwalking, buyers roused the major indices out of their slumber with a new and sudden display of strength. A 13.9% post-earnings surge from Meta Platforms, Inc (META) seemed to set … Read more
Stock Market Commentary: Yes. The stock market can be both complacent and oversold. A week ago I described how stocks left regional banks behind. Last week, the overall market took comfort in the on-going, yet narrowing, strength in big cap tech stocks even as industrials and other economically sensitive stocks stumbled into weakness. The resulting … Read more
Stock Market Commentary: Revisions to the report on GDP (gross domestic product) typically do not generate reactions in the financial markets, especially the third revision. So I completely look past the third revision to Q3 GDP when I concluded the path of least resistance offered a reprieve. The revision revealed economic conditions were even better … Read more