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 U.S. stock market hardly reflected last week’s action-packed news. China scrambled to address a weakening economy with a massive stimulus program with news rolling nearly all week. In Japan, voters elected a Prime Minister who favors a stronger currency in the Japanese yen (FXY). Capping the anti-climactic feeling in U.S. stocks, … Read more
Stock Market Commentary In announcing the official end of monetary tightening, Federal Reserve Chair Jerome Powell mentioned some form of the word “recalibration” nine times from his introductory statement to the Q&A portion of the press conference. Specifically, “….it’s a process of recalibrating our policy stance away from where we had it a year ago, … Read more
Stock Market Commentary Last week started with a calamity and ended with a restless calm. Critical trendlines held as support as buyers and bulls ground their way to a near full reversal of Monday’s loss. Ironically, the market even found relief in a “better than expected” weekly unemployment claims report. Claims fell 17,000 from the … Read more
Stock Market Commentary Be ready so that you don’t have to get ready. A perfect storm of fears converged upon the market at today’s open. Recession fears, deleveraging from the end of the carry trade, and perhaps even fresh geopolitical fears from the Middle East, spun the market even further off the road. Retail brokerage … Read more
Stock Market Commentary Welcome to the start of the stock market’s three most dangerous months of the year. A weak jobs report for July helped to send market sentiment into a sharp reversal. The bad economic news suddenly turned the prospect of rate cuts into something to fear. These rate cut fears spun the market … Read more