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 stock market finished the week with confirmations of the bullish signals that were hard to believe. Accordingly, the follow-through buying served to uphold bullish belief despite the negative headwinds that scream with bearish overtones. Looking back, the current V-move upward looks swift. However, letting bullishness ride through this swing has taken … Read more
Stock Market Commentary: I did not back my way into an explanation for Wednesday’s post-Fed rally in the stock market, and I will not do so to explain the rest of the market’s impressively relentless comeback. In fact, the rally makes little sense given the prevailing narrative of fears over higher rates – not to … Read more
Stock Market Commentary: I will not attempt to back my way into an explanation for today’s impressive rally in the stock market. Maybe the surge is another classic bear market relief rally. Maybe the relief fuel symbolizes a market finally ready to leave a bottom behind. Time will tell. What IS clear is that the … Read more
Stock Market Commentary Russia’s invasion of Ukraine has created massive human misery and a historic press of global economic sanctions. With war comes scarcity and the allocation of resources to destroying the resources of others. Financial markets are scrambling to adjust to the new global wartime economy. These charts are just a snapshot of some … Read more
Stock Market Commentary: The stock market held up surprisingly well last week given the intensifying Russian assault on Ukraine and the accelerating economic sanctions pressing upon Russia. Yet, similar to my concerns for the suffering Ukrainian people, I have increasing doubts that this market “stasis” can last much longer. Specifically, the downtrending 20-day moving averages … Read more