ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Stock Market Commentary The economic numbers keep coming up roses for the stock market. Last week’s celebration was driven by a soft inflation report for October that further emboldened buyers. A fresh surge in bond prices (lower yield) led the way as small caps in particular rocketed higher. The relentless buying pressure also solidified the … Read more
Stock Market Commentary: The summer of loving stocks may have begun. In a list of debt ceiling winners and losers, Vox failed to list the stock market as one of the biggest winners. The lingering and residual angst accompanying the manufactured drama of the debt ceiling released its hold on the market’s bias to go … Read more
Stock Market Commentary: Inflation is everywhere in the global economy, and inflation will hang around for some time to come. The inflation problem is so bad that the Federal Reserve does not think inflation will return to its 2% target for another three years. While economists and pundits debate about how long inflation will last, … Read more
Stock Market Commentary The stock market continued its streak of trickiness. Buyers and sellers played a fierce bear-bull battle starting with one of the biggest fake-out one-day rallies since last September 2nd’s near parabolic run-up. Fresh money flowed into funds to start the month of March to for gains of 2.4% on the S&P 500 … Read more
Stock Market Commentary The U.S. stock market quickly rebounded from the weekend’s jolt of pandemic news from Europe. The initial bout of selling created a close call for the extended overbought period. The comeback of buying picked the stock market off the threshold for overbought conditions but a sustained survival remains unsettled. While buyers convincingly … Read more