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 stock market’s fearless streak met fresh geopolitical headwinds that significantly raised the risk quotient. Tensions surged as Israel bombarded Iran’s nuclear infrastructure and Iran retaliated, spiking oil prices and triggering a market sell-off that, while sharp, could have and should have been a lot worse. This fresh market risk is a … Read more
Stock Market Commentary The stock market experienced a hiccup in an otherwise strong post-oversold bounce. The Q1 GDP report revealed a small contraction that surprisingly caught the market off guard. However, this contraction was driven primarily by a surge in imports as businesses rushed to get ahead of anticipated tariffs. I assume a lot of … Read more
After Canada experienced a hot inflation print for the month of August (the Consumer Price Index (CPI)), I aggressively declared the Canadian dollar a buy, long Invesco CurrencyShares Canadian Dollar Trust (FXC) and short USD/CAD. I ignored the technicals of support at an upward sloping 50-day moving average (DMA) (the red line below) on USD/CAD … Read more
Stock Market Commentary The stock market got a case of the uglies last week. The end of summer trading transitioned right into a swift drawdown for the stock market’s second of the three most dangerous months of the year. The fresh breakdowns in the major indices accompanied new lows for market breadth. Suddenly, what I … Read more
Stock Market Commentary The stock market delivered a gift on Friday as I scrambled to de-risk following the Bank of Japan’s drama on monetary policy. I braced for selling into bearish pressure and instead was pleasantly greeted by a broad push higher for stocks from the open. After the dust settled on the day, I … Read more