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: For a second straight day, retailers put pressure on the stock market. As retailers increase the pain of this bear market, bullish traders and investors lost one more place to “hide”. The Stock Market Indices The S&P 500 (SPY) plunged 4.0% and immediately dashed the prospect of leaving behind the price range … Read more
Stock Market Commentary: Federal Reserve Chair Jerome Powell reminded the market one more time about the Fed’s determination to fight inflation with normalized monetary policy, and the market cared for the briefest of moments. After the anti-inflation dust settled, the major indices closed trading on a strong note. For example, the extended oversold period came … Read more
Stock Market Commentary: Some stocks benefit greatly from an oversold bounce. Some stocks continue to dampen the mood. Today, retailers bruised an otherwise impressive continuation of the oversold bounce in the stock market. With retailers weighing down the market with poor implications for the macro environment, caution remains warranted. Still, the rebounds in the most … Read more
When Cathie Wood anticipated a “doozie of a correction” in early 2021, she surely did not expect a complete collapse in the mania and bubble she had enjoyed during the first year of the pandemic. However, the cash machine betting on the downtrend in the ARK Funds may finally stop operations soon. Last week, one … Read more
Stock Market Commentary: In the middle of last week, the S&P 500 was poised to hit bear market territory. Conditions were ripe with the stock market trading in deeply oversold territory and other indices toiling deeply in bear markets; a sharp rebound could happen at any time for any excuse. Both the S&P 500 and … Read more