ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
A cost reckoning for AI is finally happening. A recent convergence of references and stories about the high cost of running AI systems at enterprise scale caught my attention over the last week. Together, they provide increasing evidence that the adoption of AI may hit a speedbump some time this year. Agentic AI has become … Read more
Housing Market Intro and Summary The U.S. housing market ended 2025 with mixed signals. Builder stocks are stuck in trading ranges, builder confidence has stalled, and affordability remains strained. Pockets of strength in sales activity is likely coming from a softening price environment and higher inventory levels. The data points do not tell a single, … Read more