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 Stocks quickly invalidated the latest topping signals and recorded a statement week. This regular routine was further boosted by a Federal Reserve that dished out stronger forecasts for the economy and inflation and yet, much to my bemusement, “promised” the stock market three rate cuts are still likely ahead for the year. … Read more
Stock Market Commentary Last week delivered the magic of all-time highs. Another all-time high for the S&P 500 and the NASDAQ’s entry into the all-time high club provided a benign feel to the stock market. Financial markets even look like a safe haven from all the turmoil and trouble in the world. Investors and traders … Read more
Stock Market Commentary Instead of climbing a wall of worry, the market is climbing a wall of frustration (I stole that from a friend of mine). No matter what economic indicators bears stare at to declare impending doom, the jobs market just keeps coming in hot month-after-month. While a widening swath of stocks are breaking … Read more
Stock Market Commentary Bring on the bears…The process terminating a historically extended overbought period started with the first trading day of the year. While the S&P 500 recovered from the year’s initial fit of selling, small caps did not. The sagging fortunes of small caps have now returned the related ETF to bear market territory. … Read more
Stock Market Commentary Exactly two weeks ago, the stock market fell out of bed. I called the abrupt move the rally’s third strike. However, buyers jumped right back into the fray and overcame that third strike with a rally right to the second to last trading day of the year. So far, the new year … Read more