ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
As a friend of mine said, the AI Panic has officially reached its silly season. International Business Machines Corporation (IBM) lost 13.2% on the first day of the trading week in the wake of news from Anthropic about an AI-driven tool to modernize COBOL code for IBM mainframes. According to Yahoo Finance, IBM last lost … Read more
The Market Breadth Summary Stock Market Commentary The Supreme Court finally issued a judgement on the President’s tariffs enacted under the cover of the International Economic Emergency Powers Act (IEEPA). In a 6-3 decision, the court invalidated the tariffs thus making them illegal. The news came first thing Friday morning and injected a little bit … Read more
The SaaSpocalypse, or what I sometimes generally call the AI Panic, is a watershed investing event. Whole fortunes are stumbling down a path of destruction in this moment. Yet, the survivors of this indiscriminate selling will yield tremendous returns in coming years. Panic does not distinguish between fragile business models and structurally durable platforms. In … Read more
The Market Breadth Summary Stock Market Commentary Chaotic trading continued last week. Some segments of the market are doing extremely poorly and other segments of the market that are doing extremely well. A market rotation has turned into stark divergence hidden by major indices which are mainly thrashing about. I see three major signals. One, … Read more
The Catalyst: Algorhythm Holdings (RIME) Algorhythm Holdings, a micro-cap (now worth almost $5M) former karaoke machine company, announced its SemiCab AI platform can handle 400% more freight volume without adding staff. This offering is part of the company’s attempt to tap into a $3 trillion industry that the company claims wastes $1 trillion. Algorhythm claims … Read more