ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
A cost reckoning for AI is finally happening. A recent convergence of references and stories about the high cost of running AI systems at enterprise scale caught my attention over the last week. Together, they provide increasing evidence that the adoption of AI may hit a speedbump some time this year. Agentic AI has become … Read more
The Market Breadth Summary Stock Market Commentary Oil prices loom over financial markets. Oil prices are being driven largely by whether the Strait of Hormuz remains effectively closed following Iran’s retaliation against attacks by the U.S. and Israel. The inverse correlation over the last two weeks has been clear: oil prices up, stock prices down … Read more
Stock Market Commentary Is another tease for the bears underway? The current bullish rally has included so many temporary bearish signals that I had to stop using baseball metaphors to call strikes. Now, the latest bearish signal looks like the most ominous yet. In the wake of February’s job report, price action delivered a wicked … Read more