ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Just over two months ago, I aggressively bought ahead of an official trigger of the 20% rule for buying iShares MSCI Brazil ETF (EWZ). At the time, I explained my decision with three key reasons: I was also well aware that buying early subjected me to additional risks for the trading rule. Thus, I insisted … Read more
Stock Market Commentary The stock market’s V-shaped recovery finished reversing most of the losses from the August calamity. Small caps are once again the laggards. During this recovery the market swung from recessions fears to recession relief. The prospects for interest rate cuts no longer seemed to matter on either side of the V-shape. The … Read more
Stock Market Commentary Last week started with a calamity and ended with a restless calm. Critical trendlines held as support as buyers and bulls ground their way to a near full reversal of Monday’s loss. Ironically, the market even found relief in a “better than expected” weekly unemployment claims report. Claims fell 17,000 from the … Read more
Stock Market Commentary Be ready so that you don’t have to get ready. A perfect storm of fears converged upon the market at today’s open. Recession fears, deleveraging from the end of the carry trade, and perhaps even fresh geopolitical fears from the Middle East, spun the market even further off the road. Retail brokerage … Read more
Stock Market Commentary Welcome to the start of the stock market’s three most dangerous months of the year. A weak jobs report for July helped to send market sentiment into a sharp reversal. The bad economic news suddenly turned the prospect of rate cuts into something to fear. These rate cut fears spun the market … Read more