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: The U.S.’s looming debt ceiling crisis is a manufactured emergency. The whole political wrangling could end in an instant with a very simple decision to keep budget negotiations in the budget process. Thus, the stock market’s relative calm about the political stalemate does not surprise me. Moreover, who are the motivated sellers … Read more
Stock Market Commentary: On a weekly basis, the stock market seems to flip its abiding theme. One week after I accused the stock market of sleepwalking, buyers roused the major indices out of their slumber with a new and sudden display of strength. A 13.9% post-earnings surge from Meta Platforms, Inc (META) seemed to set … Read more
Stock Market Commentary: The no worries stock market is sleepwalking its way through April. The major indices are stuck in tight ranges near or at key technical resistance and support levels. Yet, market breadth remains relatively low as many of the big market leaders hold up the tent. Meandering economic data induces some of this … Read more
Stock Market Commentary: Last week I described how to reconcile a stock market that was both complacent and oversold. The stock market proceeded from there to double down on complacency while rebounding from “close enough to oversold” levels for market breadth. Traders are showing no worries as the volatility index (VIX) plunged to levels last … Read more
Stock Market Commentary: Yes. The stock market can be both complacent and oversold. A week ago I described how stocks left regional banks behind. Last week, the overall market took comfort in the on-going, yet narrowing, strength in big cap tech stocks even as industrials and other economically sensitive stocks stumbled into weakness. The resulting … Read more