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: Latest Warning The Stock Market Summary Rising oil prices dominated the trading backdrop last week. Soaring oil prices helped emphasize inflation fears and bolstered higher bond yields (rates). While the S&P 500 and the NASDAQ survived tests of critical support thanks in large part to strong rebounds in AI-related stocks, small … Read more
The Market Breadth Summary: Gold Shined The Stock Market Summary Gold shined as money rotated away from tech and retail, market breadth cooled, and energy, healthcare, crypto, and precious metals took the spotlight. The U.S. Treasury’s intervention in the government bond market helped weakened the U.S. dollar and ignited gold. The specter of the government … Read more
The Market Breadth Summary: Breakout The Stock Market Summary The AI crash from July 29th feels like a distant memory. The subsequent breakout to all-time highs quickly erased the sting and returned the market to a rally that knows no obstacles. Now, market breadth has broken out and further confirmed the market’s underlying bullishness. Various … Read more
The Market Breadth Summary The Stock Market Summary Technology finally cracked under the weight of multiple pressure points. The biggest catalyst came from the AI spending race as companies such as Intel and Alphabet made it clear that they intend to continue increasing capital expenditures (capex) to remain competitive. Investors responded by focusing on the … Read more
The Market Breadth Summary The Stock Market Summary After months of bearish market breadth, the downtrend ended with a surprising bullish divergence. The stock market quickly transitioned from a bearish to bullish divergence thanks to a rotation away from high tech and AI-related stocks and into small caps, consumer-facing stocks, and others. Micron Technology’s earnings … Read more