ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary The stock market leaned into a melt-up as a constant stream of IPOs signaled risk-on appetite even as a massive downward revisions in jobs in the 12 months through March, 2025 implied more than expected economic weakness ahead. Rate cuts beckon as a result of this broadening weakness, and Wall Street has … Read more
Stock Market Commentary Yet another bearish engulfing day. Will THIS one matter to the stock market? In the following video, I review the converging bearish signals just days after all-time highs from the S&P 500 defied October’s warnings. (A summarized transcript follows the video – cleaning and editing help from ChatGPT) Summarized Transcript Introduction Hello … Read more
The year 2024 may be seen as the time the Bank of Japan’s “free lunch” came to an end. For decades, the Bank of Japan (BoJ) ran a zero interest rate policy (ZIRP) that even descended into negative rates in 2016. The BoJ eased and eased monetary policy (aka printed and printed) to buy Japanese … Read more
Stock Market Commentary Signature stock market moments capped a remarkable year for the stock market. Two months of nearly relentless buying delivered a stunning 70% of the gains for the S&P 500 in 2023 after bulls exploded out of oversold trading conditions. Housing-related stocks soared even more as financial markets celebrate the presumed end of … Read more
Stock Market Commentary: What was quiet in the prior week is now loud and clear. Led by the NASDAQ, the stock market is in breakout mode. While market breadth is not quite endorsing the move, key breakouts are showing up in the indices and individual stocks. The inability of sellers to take advantage of bad … Read more