ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary The Stock Market Summary Damage from the AI trade drove the NASDAQ to its worst weekly decline since June. A convergence of events and headlines has brought the market to another critical juncture, this time in the last of the stock market’s most dangerous months of the year. The renewed tech … Read more
The Market Breadth Summary: Punished The Stock Market Summary The Federal Reserve actually did it. America’s central bank channeled Kevin Warsh’s previous jawboning into an actual rate hike. The Fed’s first such move since 2023 was well-priced by the Fed fund futures market, but the stock market was initially caught off-guard. The rate hike punished … Read more
The Market Breadth Summary: Breakout The Stock Market Summary The AI crash from July 29th feels like a distant memory. The subsequent breakout to all-time highs quickly erased the sting and returned the market to a rally that knows no obstacles. Now, market breadth has broken out and further confirmed the market’s underlying bullishness. Various … Read more
The Market Breadth Summary: AI Crash The Stock Market Summary First, technology cracked and next the AI trade crashed. The crash is not obvious because the stock market absorbed the crash quickly and, perhaps most importantly, many AI trades are still up significantly for the year despite trading down 30%, 40%, 50% and more from … Read more
The Market Breadth Summary The Stock Market Summary Tech weakness resurfaced last week as the AI trade continued to slowly roll over. A plunge in memory stocks featured prominently in this expanding weakness. After another deep gap down on Friday, buyers pulled off a major intraday reversal in memory stocks. However, this reversal stopped short … Read more