ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Housing Market Intro and Summary What happened in the housing market in April, 2024? After four months of growing more positive, home builders proceeded into the spring selling season thanks to drag from the South. In my previous Housing Market Review, I pointed out a positive start to the spring selling season. April painted a … Read more
Stock Market Commentary Can a bullish divergence create a bottom for stocks? The stock market ended last week with an emphatic “YES!” A wild week got treacherous after Thursday’s META pricequake. Investors rushed for the exits after Meta Platforms (META) reported earnings. The sympathy selling went far and wide. Fortunately, earnings from Alphabet (GOOG) and … Read more
FactSet’s John Butters laid out a case for the “Magnificent Seven” companies losing the majority of their earnings growth dominance by the end of the year. In “Are the ‘Magnificent 7’ the Top Contributors to Earnings Growth for the S&P 500 for Q1?“, Butters showed how analyst expectations for year-over-year earnings growth for the top … Read more
Stock Market Commentary Last week was an intense week of trading. The ever-escalating conflict in the Middle East disturbed markets. However, the initial negative reaction in futures market was mostly erased by the time of the market open on Thursday. The indices even managed to gain ground before getting faded. Thus, the market still fundamentally … Read more
Stock Market Commentary April showers have arrived in the form of stockdrops instead of raindrops. After a near relentless push higher every month since November, the S&P 500 is down 4.4% month-to-date. Both the S&P 500 and the NASDAQ have confirmed bearish breakdowns and the ETF of small caps, IWM, is again in a bear … Read more