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 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
(This is an excerpt from an article I originally published on Seeking Alpha on September 28, 2015. Click here to read the entire piece.) While the S&P 500 (SPY) continues to languish in the aftermath of the flash crash and accompanying sell-off, the iShares US Home Construction (ITB) is still up 5.7% for the year … Read more
“…I expect that inflation will return to 2 percent over the next few years as the temporary factors that are currently weighing on inflation wane, provided that economic growth continues to be strong enough to complete the return to maximum employment and long-run inflation expectations remain well anchored. Most FOMC participants, including myself, currently anticipate … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on September 18, 2015. Click here to read the entire piece.) If you have followed the CME Group 30-Day Fed Fund futures prices, today’s decision by the Federal Reserve to leave interest rates unchanged did not surprise you. You may have even … 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
(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 August 19, 2015. Click here to read the entire piece.) I have spent a lot of time over the past four years touting the attractiveness of stocks in homebuilders. The ride has offered a lot of bumps along the way but … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 20, 2015. Click here to read the entire piece.) The U.S. Federal Reserve released its minutes from its July 28 to 29, 2015 meeting. It was pretty much the same back and forth on monetary policy and the U.S. and … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 29, 2015. Click here to read the entire piece.) This year has started for SPDR Gold Shares (GLD) in a fashion eerily similar to 2014. On December 18, 2013, the Federal Reserve officially announced the planned tapering of its bond … Read more
The U.S. dollar index (USDX) remains stuck in its downtrend by a thread. Source: FreeStockCharts.com The long-awaited catalyst was the U.S. jobs report for July, 2015. In my opinion, the report shed no new light on the timing for a Fed rate hike. It was pretty much more of the same. The stalemate on the … Read more