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 fell into chaos all over again as the U.S. retaliated against China’s tariff retaliation, hiking tariffs up to 104%. This escalation halted a rally that started as solid follow-through from the bullish engulfing bottom from the previous trading day. The whipsaw action underscored the fragility of technical setups in … Read more
A Flashback On September 29, 2008, a nervous and weak stock market anxiously awaited the outcome of a Congressional vote on a $700B Wall Street bailout package known as TARP (the Troubled Asset Relief Program) as part of the Emergency Economic Stabilization Act of 2008. According to briefing.com, the S&P 500 (SPY) was down about … Read more
Stock Market Commentary The stock market suffered experienced a jarring selloff during the announcement of reciprocal tariffs from President Trump, a move that, despite ample telegraphing, shocked both investors and global trade partners. The Futures dropped sharply, with even oil down 2.4% and the S&P 500 plunging as much as 3% after-hours. This tariff crash … Read more
Stock Market Commentary The S&P 500 delivered only a brief respite from the bear market when it broke out above its 200-day moving average (DMA) to start the week. Two days later, the bear market reasserted itself. Another two days later, the sellers punched an exclamation mark on the bear market as a “hot” inflation … Read more
Stock Market Commentary Reality bites. And right now those bites are clamping down on rotten eggs in the form of a swift repricing of risk. Once high priced eggs are now eggs few shoppers want. Last week’s theme of bring the pain continued in force at this week’s open: more economic uncertainty, more economic fears, … Read more