ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on December 7, 2015. Click here to read the entire piece.) Mario Draghi, President of the European Central Bank (ECB), apparently decided not to follow the now well-established playbook for steering markets nearly perfected by the Federal Reserve: Guide the market to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 2, 2015. Click here to read the entire piece.) The European Central Bank (ECB) next makes a statement on monetary policy on December 3, 2015. The market is apparently eagerly anticipating an announcement from ECB President Mario Draghi that delivers … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 26, 2015. Click here to read the entire piece.) Almost two weeks ago, markets appeared ready to price in a first Fed rate cut way out into June, 2016 (essentially neverland). The U.S. dollar index (UUP) sat at one of … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 2, 2014. Click here to read the entire piece.) The euro (FXE) has been one stubborn currency. The short euro trade taught me and reminded me to be patient, to stay focused on the underlying thesis until it is proven … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 8, 2014. Click here to read the entire piece.) Weakness continues for the euro (FXE) as 2014 seems to be confirming expectations I have outlined in previous posts. On January 7th, Eurostat reported eurozone inflation dropped to 0.8% in December … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on October 24, 2013. Click here to read the entire piece.) When I saw the Wednesday (October 23, 2013) headlines screaming that European Central Bank (ECB) President Mario Draghi indicated he had no hesitation about failing banks in upcoming, comprehensive stress tests, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 19, 2012. Click here to read the entire piece.) {snip} Nassim Taleb has been on a tour promoting his new book “Antifragile: Things That Gain from Disorder.” He provides related links and interviews on his Antifragile web site where he … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 5, 2012. Click here to read the entire piece.) {snip} …something happened September 5th that finally had me rethinking my rediscovered, extended bearishness on the euro. The Swiss franc (FXF) suddenly came to life against the euro today, AND, most … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 20, 2012. Click here to read the entire piece.) A reader recently asked the following questions in response to my last piece on the relationship between the Australian dollar and the S&P 500 (“A Bearish Divergence As Australian Dollar Stalls … Read more