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 The Stock Market Summary High tech stocks keep winning as AI leadership carries the sector and the headline indices, but market breadth keeps failing including a steep downtrend all month. In the prior week, the AI trade hit a short speed bump on AI safety concerns, but last week’s rally confirmed … Read more
Stock Market Commentary A good friend of mine introduced me to the phrase – now we’re cooking with gas! In today’s context, this phrase refers to some startling developments in the rolling crash in the stock market. The technical damage was thorough, unrelenting, and nearly merciless. Chaos in economic policy chaos has fully transferred into … Read more
Stock Market Commentary Today was a brutal day in the stock market. The only good news I can report is that market breadth finally dropped into my official oversold territory. However, “so what?” sounds like an appropriate question to ask in the face of deepening market angst over tariffs. For example, a headline from Yahoo … Read more
Stock Market Commentary There is no support in a bear market. The market is extremely volatile, and conditions are changing daily. The market is showing clear signs of weakness, with all major trends pointing downward. The mixed messages from yesterday (Thursday) are converging more clearly on the messages of a bear market. The long-term, mid-term, … Read more
This piece is my second follow-up to my claims from a year ago in: “Renaissance IPO ETF A Less Volatile Way to Speculate Than ARKK“. Since that post, and especially this year, the performance gap between the Renaissance IPO ETF (IPO) and the ARK Innovation ETF (ARKK) has widened so much that I am comfortable … Read more