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: AI Crash The Stock Market Summary First, technology cracked and next the AI trade crashed. The crash is not obvious because the stock market absorbed the crash quickly and, perhaps most importantly, many AI trades are still up significantly for the year despite trading down 30%, 40%, 50% and more from … Read more
The Market Breadth Summary The Stock Market Summary Juneteenth symbolizes the tension between hopes and dreams and the realities required to achieve them. That same tension was evident across financial markets last week. The same theme of hopes and dreams contrasting with reality played out in the financial markets this past week. Over the past … Read more
The Market Breadth Summary Stock Market Commentary Uncertainty is the theme for this market, extreme uncertainty in geopolitics, economic conditions, monetary policy, and domestic politics. The accumulated uncertainty has made the market war weary and exhausted buyers. This exhaustion dampens the potential for oversold conditions to deliver a meaningful bounce in the stock market. For … Read more
Stock Market Commentary The market staged a quick rebound this week after the “bears break-in” two Fridays ago. Most losses reversed by Monday’s close as buyers stepped in with conviction and quickly repaired the indices. However, the bounce masked the on-going failure of market breadth to keep pace with the S&P 500 and the NASDAQ, … Read more
Stock Market Commentary The stock market presented mixed messages amidst ongoing volatility. While a “softer than expected” CPI report presumably triggered an initial fragile rebound, I see persistent underlying weakness. Apple Inc. (AAPL) represents this fragility with a continued bearish breakdown casting a shadow over the broader market. Apple Inc. (AAPL) declined 1.8% and confirmed … Read more