ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Anthropic’s Project Glasswing sent shudders through the world of cybersecurity as the launch of Mythos exposed catastrophic security flaws throughout the software ecosystem. The threat is so dire that the U.S. Treasury Secretary and the Federal Reserve Chair hastily convened banking leaders to make sure they are ready to secure the nation’s finances against these … Read more
The Market Breadth Summary Stock Market Commentary A week ago, I made the case that a bottom was finally forming after five weeks of selling. The ceasefire announcement that was supposed to reopen the Strait of Hormuz let buyers run free and confirm that bottom. Wednesday’s resulting gap up created post-oversold trading conditions that tell … Read more
Introduction I have been working on a framework to make sense of AI’s impact on the enterprise software industry. The ongoing SaaSpocalypse caused by an AI Panic has given this research extra urgency because I suspect the sell-off has created contrarian opportunities to buy impacted stocks for significant upside gains in coming years. I created … Read more
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