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: A week ago, I cautioned that “the tenuous positioning is further weakened by a breakout of volatility and significant deterioration in the market breadth indicators.” The November CPI report showed the slightest surprise possible and faked out the stock market on the way to another hawkish statement from the Federal Reserve on … Read more
Stock Market Commentary: After some good economic data, the stock market looks quite wary ahead of the coming Federal Reserve meeting on Wednesday. After two swift down days to start the week, the stock market did its best job clinging to support and the lows of the week. The tenuous positioning is further weakened by … Read more
Stock Market Commentary: I expressed my surprise after the stock market soared in response to Fed Chair Jerome Powell’s inflation-fighting speech. I thought Powell simply reiterated known information with more reminders of the Fed’s inflation-fighting commitment. Since then, two strong economic reports in a row have sent the stock market into rapid retreat from that … Read more
Stock Market Commentary: Social unrest from fresh COVID lockdowns in China are already a distant memory for the U.S. stock market. Just as quickly as the stock market bearishly failed once again to hold overbought trading conditions, market breadth flipped the script to surge and rush back to overbought. Buyers and bulls celebrated a speech … Read more
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