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: AI Rebound The Stock Market Summary The stock market rapidly transitioned from an AI crash to all-time highs in less than one week. Strong earnings revived the AI trade, software joined the advance, and the major indices pushed back toward their all-time highs. Momentum faded in the middle of the week … Read more
The Market Breadth Summary The Stock Market Summary I focused on two major developments during the past week of trading: the reemergence of oil and the skittishness of the AI trade. The resumption of the war against Iran nudged oil higher after multiple attacks against oil tankers had already brought an end to oil’s weeks-long … Read more
The Market Breadth Summary Stock Market Commentary A week ago, I made the case that a bottom was finally forming after five weeks of selling. The ceasefire announcement that was supposed to reopen the Strait of Hormuz let buyers run free and confirm that bottom. Wednesday’s resulting gap up created post-oversold trading conditions that tell … Read more
The Market Breadth Summary Stock Market Commentary The Supreme Court finally issued a judgement on the President’s tariffs enacted under the cover of the International Economic Emergency Powers Act (IEEPA). In a 6-3 decision, the court invalidated the tariffs thus making them illegal. The news came first thing Friday morning and injected a little bit … Read more
Stock Market Analysis Summary Market liquidity fears intensified across equities and crypto as market breadth continued to deteriorate. The major stock market indices confirmed bearish technical breakdowns. Major AI and tech stocks confirmed weakening momentum. The week ended with a relief rally after rate-cut expectations surged with Fed Governor Williams teasing a possible December easing. … Read more