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 people of China have now suffered three years of various draconian lockdowns meant to contain the spread of COVID-19. The latest lockdowns remind a suffering populace that there remains no end in sight for this extended kind of public health authoritarianism. Apparently, the frustrations are boiling over enough to motivate people … Read more
Stock Market Commentary: The runway for (short-term) bearishness has greatly shortened. The classic safety trades sprung to life to add exclamation points to the broadening sell-off. After over 6 weeks of near relentless losses, the Japanese yen (FXY) caught a strong bid. Inflation fears returned to the background as traders eased into Treasury bonds (per … Read more
Stock Market Commentary: Throw out all the gradual scenarios for a potential climax. The stock market carved out a quick crest that puts the current rally at risk. Out-performance from small-cap stocks and late saves for the S&P 500 and the NASDAQ barely averted a technical setup for a bearish reversal. The stock market goes … Read more
Stock Market Commentary: Forget recession fears. Forget an aggressively hawkish Fed. Forget the stock chart holdouts. Bullish belief delivered another powerful confirmation of what has become an exceptionally strong bounce from March’s nervous test of the last oversold point. The rally launched from the March lows and barely rested or paused. The rally has been … Read more
Stock Market Commentary: The stock market continued its quest to convince us that the world is getting or soon will get a lot better. Perhaps the market is somehow feeding off the definitive hawkishness from the Federal Reserve. Whatever the explanation, market breadth expanded to levels last seen 4 months ago. The rally demonstrates broadly … Read more