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 We made it through another week without any major negative headlines impacting the stock market. Although late-breaking news took futures down due to Moody’s dropping the U.S. from its top credit rating, marking the loss of the last top-tier assessment of U.S. government debt, I expect the market impact to be minimal. … Read more
Stock Market Commentary There are not enough superlatives in the dictionary to describe what happened today. We have borne witness to a multi-day, multi-week saga of economic warfare, tariff chaos, a rolling stock market crash – and now, an historic oversold bounce. President Trump has gone from tariffs, to tariff flexibility, to tariff reciprocity to … 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 Writing about financial markets always feels surreal when tragedy and disaster dominate the news headlines. My cognitive dissonance gets particularly poignant when the stock market does not reflect the scale and scope of events. As massive fires rage in Los Angeles causing to-date $135B to $150B in economic losses and loss of … Read more
Stock Market Commentary The dust is settling ever so slightly on the stock market’s post-Fed plunge. The stock market shifted from euphoria to oversold on a day that woke up everyone to a potentially new market reality. I say “potentially” because all year the market has been hit with bearish catalysts and quickly bounced back … Read more