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 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
Stock Market Commentary Reality bites. And right now those bites are clamping down on rotten eggs in the form of a swift repricing of risk. Once high priced eggs are now eggs few shoppers want. Last week’s theme of bring the pain continued in force at this week’s open: more economic uncertainty, more economic fears, … Read more
Stock Market Commentary If you followed December’s deterioration in market breadth and/or paid attention to the inflation numbers and the smoke signals from the Federal Reserve, today’s market sell-off does not surprise you. What surprises me at the time of writing is the complete collapse in market breadth. The stock market essentially plunged from euphoria … Read more
Stock Market Commentary Financial markets are supposed to act like discounting mechanisms which use the wisdom of the crowd to anticipate important events. The stock market stalled and then broke down ahead of the election. Excluding a last minute rush to buy on election day, I assumed the stock market might have a muted reaction … Read more
Stock Market Commentary Fades were on display, especially on Thursday, as the stock market showed signs of exhaustion. Bad news in and for the semiconductor industry seemed to motivate sellers. For example, earnings for Microsoft (MSFT) and Meta Platforms (META) seemed to release some steam on hyped expectations for the AI chips both companies will … Read more