ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Do you have a 401(k)? Well there’s a “good chance” the money is invested in AI stocks. This introduction was the empty warning forming the premise of a Marketplace story describing the AI-driven risks in the average investment portfolio. The accompanying interview with Boston College law professor Patricia McCoy, who studies financial regulation and consumer … Read more
The Market Breadth Summary Stock Market Commentary A week ago, I made the case that a bottom was finally forming after five weeks of selling. The ceasefire announcement that was supposed to reopen the Strait of Hormuz let buyers run free and confirm that bottom. Wednesday’s resulting gap up created post-oversold trading conditions that tell … Read more
Housing Market Intro and Summary This edition of “What Happened in the Housing Market” is truncated again because the shutdown of the Federal government. Yet, the shutdown did not prevent the stocks of home builders from outperforming the rest of the stock market for the month. Optimism over lower interest rates, improved affordability metrics, and … Read more
Stock Market Analysis Summary Market liquidity fears intensified across equities and crypto as market breadth continued to deteriorate. The major stock market indices confirmed bearish technical breakdowns. Major AI and tech stocks confirmed weakening momentum. The week ended with a relief rally after rate-cut expectations surged with Fed Governor Williams teasing a possible December easing. … Read more
I recently finished rereading the epic trader’s manual “Trading in the Zone” by Mark Douglas. I first read the book over 15 years ago. This revisit reminded me of the importance of on-going training and refreshers. The exercise also highlighted in my mind the amount of repetition and redundancy throughout the book. Such techniques have … Read more