ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Last Friday’s 29% plunge in Opera Limited (OPRA) seized the attention of the company and its “cornerstone shareholder” Kunlun Tech Limited. With the swiftness of a crisis management team, the two combined to sing a sweeter tune for investors. In a follow-up SEC filing, Opera Limited clarified that last week’s announced shelf filing simply replaces … Read more
Stock Market Commentary: Was the second trading day of February the peak for the S&P 500? After a 1.4% gain nearly finished reversing the losses from last August’s Jackson Hole, the index lost momentum. While the index churned for the following 2 weeks, trashed stocks from 2022 continued to soar. Even that momentum seemed to … Read more
Stock Market Commentary: Last week ended the overbought period with a relatively strong report on initial claims for unemployment. The stock market – still freshly stung with the memory of the previous week‘s exceptionally strong jobs report – sold off sharply in response to the good economic news. A stubbornly resilient labor market continues to … Read more
Stock Market Commentary: The stock market had quite a bullish week especially considering another Federal Reserve meeting is right around the corner. The week started with a push into overbought conditions and buyers proceeded to slowly steepen overbought conditions the rest of the week. I am quite surprised by this bullish anticipation ahead of the … Read more
Stock Market Commentary: September was about as somber as it gets for financial markets. The S&P 500 lost 9.3% for the month which falls well below both the median and average (negative) historical performance for the index. With the June lows breached, the pandemic-era gains for the S&P 500 and the NASDAQ are now at … Read more