ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
From Underwhelmed to Overwhelmed Disney (DIS) finally officially jumped into the streaming wars with its introduction of Disney +. The service launched on November 12, 2019 with a press release announcing: ” Disney+, the highly anticipated streaming service from The Walt Disney Company, launched today in the U.S., Canada, and The Netherlands. With nearly 500 … Read more
A Failed Pilot “…with a direct partnership, Nike will be able to ‘elevate the way the brand is presented’ by gaining more control over how its products are marketed on the site…” Former Nike CEO Mark Parker quoted in CNN Business (June 29, 2017) In 2017, the Nike (NKE) pilot with Amazon.com (AMZN) held a … Read more
The Timing and the Stock Charts During the analyst conference call explaining the deal to buy William Lyon Homes (WLH), CEO Sheryl Palmer revealed that Taylor Morrison Home Company (TMHC) began buy-out talks several months ago. That was a time of rising optimism for home builders. The announcement of the deal came shortly after investors … Read more
Housing Market Intro/Summary The stocks of home builders are starting to fail their moment of truth. A Moment of Truth Looming Ever Larger On October 25th, the iShares Dow Jones Home Construction ETF (ITB) hit a 21-month high that coincided exactly with a major multi-year peak and post-recession high from January, 2018. The sellers showed … Read more
In late August, I wrote about a bad turn for the Turkish lira. Over two months later, the lira is around the same price levels in USD/TRY and EUR/TRY – two key pairs for the lira – but the path to this point has featured plenty of volatility. From a technical perspective, USD/TRY is testing … Read more