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: How many times and how many ways does the Fed need to communicate its seriousness about normalizing monetary policy and fighting inflation? Apparently, the answer for Fed-speak is many times and a LOT of ways. Fed Governor Lael Brainard delivered one way with a speech on Tuesday titled “Variation in the Inflation … Read more
Stock Market Commentary: Throw out all the gradual scenarios for a potential climax. The stock market carved out a quick crest that puts the current rally at risk. Out-performance from small-cap stocks and late saves for the S&P 500 and the NASDAQ barely averted a technical setup for a bearish reversal. The stock market goes … Read more
Stock Market Commentary: Forget recession fears. Forget an aggressively hawkish Fed. Forget the stock chart holdouts. Bullish belief delivered another powerful confirmation of what has become an exceptionally strong bounce from March’s nervous test of the last oversold point. The rally launched from the March lows and barely rested or paused. The rally has been … Read more
Stock Market Commentary: The stock market finished the week with confirmations of the bullish signals that were hard to believe. Accordingly, the follow-through buying served to uphold bullish belief despite the negative headwinds that scream with bearish overtones. Looking back, the current V-move upward looks swift. However, letting bullishness ride through this swing has taken … Read more
Stock Market Commentary: The stock market continued its quest to convince us that the world is getting or soon will get a lot better. Perhaps the market is somehow feeding off the definitive hawkishness from the Federal Reserve. Whatever the explanation, market breadth expanded to levels last seen 4 months ago. The rally demonstrates broadly … Read more