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 Financial markets are supposed to act like discounting mechanisms which use the wisdom of the crowd to anticipate important events. The stock market stalled and then broke down ahead of the election. Excluding a last minute rush to buy on election day, I assumed the stock market might have a muted reaction … Read more
As the Nigerian naira plunges in value, Nigerians are scrambling for ways to protect their purchasing power. In this modern era, Bitcoin (BTC/USD) offers the promise of a digital store in value. Accordingly, Nigeria has returned to the number one spot in the world for national share of searches taken by Bitcoin according to Google … Read more
Stock Market Commentary Just one day after stocks narrowly avoided bearish conditions, a looming end to this extended overbought rally brought the stock market right back to the edge. Market breadth is at its lowest point since the overbought period began over a month ago. This tension means that the market may become less willing … Read more
Stock Market Commentary Last month, the stock market seemed to conclude that the threat of inflation had all but disappeared. Given the resulting celebration is one of the key drivers of the current extended overbought rally, today’s report on December’s CPI (Consumer Price Index) took on some significance. So when CPI missed “expectations” on the … Read more
A week ago, the Central Bank of the Republic of Turkey (CBRT) hiked its policy interest rate another whopping 500 basis points to 40%. The response in currency markets was a collective yawn. The CBRT explained that while inflation performed in-line with expectations, “the existing level of domestic demand, the stickiness in services inflation, and … Read more