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 oozed with bullish intent as it pushed its way through the latest Federal Reserve statement on monetary policy. While Jerome Powell made sure to stick to the script and introduced no surprises to the market, he was surprisingly reluctant to underline the Fed’s hawkishness. The market made a mile … Read more
Stock Market Commentary: Mid-week, fresh drama in crypto looked like the next pivot point for the stock market. Instead, the bout of selling turned into a forgettable speedbump. Buyers returned with force in Bitcoin (BTC/USD), and the major stock indices recovered from major technical breakdowns and tests. In recent weeks, the stock market has bounced … Read more
Stock Market Commentary: After celebrating slightly weak economic data last Friday, stock market buyers and bulls have trained their eyes on the December CPI (Consumer Price Index) report. The bullish trading action for the last two days suggests market participants are expecting weaker than expected inflation data. In turn, such a report would strengthen hopes … Read more
Stock Market Commentary: Yesterday’s surge in the Japanese yen (FXY) may have exhausted enough sellers to clear the path for some holiday cheer in the stock market. Suddenly, the market seemed to transition from the heavy burdens of a stubbornly hawkish Fed to the alluring hopes from a lack of (scheduled) negative catalysts for the … Read more
Stock Market Commentary: September was somber. October so far is a sugar high in comparison. With the remaining pandemic era gains preserved for now, the major indices immediately face the challenge of downtrends in place since August’s peak. The conclusion of an extended (8 days long) oversold trading period means, according to history, that at … Read more