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 Stock Market Commentary The major indices closed marginally lower for the week, but market conditions deteriorated notably beneath the surface as the AI panic continued to weigh on stocks. The week started off with broad-based selling in the wake of an AI doomsday post from a little known research group called … Read more
As a friend of mine said, the AI Panic has officially reached its silly season. International Business Machines Corporation (IBM) lost 13.2% on the first day of the trading week in the wake of news from Anthropic about an AI-driven tool to modernize COBOL code for IBM mainframes. According to Yahoo Finance, IBM last lost … Read more
Stock Market Commentary The protracted shutdown of the U.S. Federal government has dragged past three weeks and Federal workers have now missed their first paychecks of this battle. The stock market rallied to an all-time high when the shutdown started, and it certainly seems to care even less after recovering from a 1-day mini panic … Read more
Stock Market Commentary After a month of churning, market breadth is wavering again. This slip is just about the only sign that the market cares at all about looming risks from a potential government shutdown. Even the volatility index (VIX) dropped 8.6% on Friday and remains just below where it closed right before the tariff … Read more
Stock Market Commentary Finally the bears break in on all the fun the bulls have had for months. The stock market got overwhelmed with a flood of bad news that was just too difficult to ignore or look through (for now). The July jobs report was not just weak but also it included a massive … Read more