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 Media coverage of bubble talk in AI has become increasingly urgent and loud in recent months. Legendary short seller Michael Burry seemed to ring the clarion call when news dropped on Tuesday (November 4) about a massive bearish bet against NVIDIA (NVDA) and Palantir (PLTR). NVDA fell 4.0% that day. The downward … Read more
Stock Market Commentary The stock market started the week in familiar melt-up mode, supported by a (temporary) thaw in the economic war between the U.S. and China. Optimism persisted until the Federal Reserve weighed in with its latest announcement on monetary policy, when Chair Jerome Powell balked at the idea of a December rate cut. … Read more
Housing Market Intro and Summary This edition of “What Happened in the Housing Market” is truncated because the shutdown of the Federal government prevented the release of data from the U.S. Census Bureau. The Census Bureau is responsible for reports on housing starts and new home sales. The remaining data in this month’s post depicts … Read more
Stock Market Commentary The protracted shutdown of the U.S. Federal government has dragged past three weeks and Federal workers have now missed their first paychecks of this battle. The stock market rallied to an all-time high when the shutdown started, and it certainly seems to care even less after recovering from a 1-day mini panic … Read more
Stock Market Commentary Last week’s trading had something for almost everyone: volatility, churn, recovery, and a bank scare. A familiar story about renewed U.S.–China trade tensions expanded into a larger mosaic of market stress and resilience. Still, given market breadth remains broken, I see a market skating on the edge. The volatility index (VIX) summarizes … Read more