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: Revisions to the report on GDP (gross domestic product) typically do not generate reactions in the financial markets, especially the third revision. So I completely look past the third revision to Q3 GDP when I concluded the path of least resistance offered a reprieve. The revision revealed economic conditions were even better … Read more
Stock Market Commentary: A week ago, I cautioned that “the tenuous positioning is further weakened by a breakout of volatility and significant deterioration in the market breadth indicators.” The November CPI report showed the slightest surprise possible and faked out the stock market on the way to another hawkish statement from the Federal Reserve on … Read more
Stock Market Commentary: After some good economic data, the stock market looks quite wary ahead of the coming Federal Reserve meeting on Wednesday. After two swift down days to start the week, the stock market did its best job clinging to support and the lows of the week. The tenuous positioning is further weakened by … Read more
Stock Market Commentary: Social unrest from fresh COVID lockdowns in China are already a distant memory for the U.S. stock market. Just as quickly as the stock market bearishly failed once again to hold overbought trading conditions, market breadth flipped the script to surge and rush back to overbought. Buyers and bulls celebrated a speech … Read more
Housing Market Intro and Summary In my last Housing Market Review, I described how a housing recession was reflected in the worsening housing data, including the latest report on U.S. GDP. While new home sales made another surprise bounce in October, the rest of the housing data continued to worsen in the month. However, a … Read more