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 month of August featured three distinctly strong expansions of market breadth. The last expansion featured the largest single-day expansion I have ever seen. In between these episodes, the market showed signs of exhaustion. The latest exhaustion is centered on the AI trade. NVDA earnings slightly disappointed and included slowing revenue growth … Read more
Stock Market Commentary A bearish engulfing top pattern in the S&P 500 now seems like a distant memory. Yet, the melt-up in the stock market faces a new test. Just as the stock market enters its most dangerous months of the year in terms of drawdowns, a bearish divergence has emerged with market breadth. What … Read more
Stock Market Commentary In just three months, the stock market has transformed from fragile to fearless. Friday’s return to overbought territory, on the heels of another jobs report that beat “consensus expectations”, underlined the market’s fearless bullishness. The jobs report made imminent rate cuts even less likely. Along with that prospect, bond yields nudged higher … Read more
Stock Market Commentary A market calm emerged thanks to a pause on reciprocal tariffs and then a ceasefire in the US vs China trade war. This market calm shattered as a new tariff shock came in the form of President Trump threatening the European Union (EU) with a 50% tariff while at the same time … Read more
Housing Market Intro and Summary What happened in the housing market in March, 2025? The bear market deepened for housing related stocks as they fell off the edge of a deeper malaise. Growing economic warfare between the U.S. and the world and the resulting chaos is adding to housing woes along with the usual culprit … Read more