ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Market Breadth Summary The Stock Market Summary Technology finally cracked under the weight of multiple pressure points. The biggest catalyst came from the AI spending race as companies such as Intel and Alphabet made it clear that they intend to continue increasing capital expenditures (capex) to remain competitive. Investors responded by focusing on the … Read more
The Market Breadth Summary The Stock Market Summary Just like many of you, I have been glued to the World Cup drama. I have been rooting for the United States and several other countries, and it got me thinking about how much the stock market resembles a soccer match: pass, rotate, advance. The current stock … Read more
The Market Breadth Summary The Stock Market Indices Well, it had to happen. I did not know when, how, or just how bad it would be, but at some point the stock market had to cool off. This past week delivered a cooling of all coolings as bears decided to seize the narrative back from … Read more
The Market Breadth Summary The Stock Market Indices Last week, retail and software stocks ignited, and the usual AI-related suspects also participated in the rally. Yet the advance unfolded beneath persistently weak market breadth, leaving a notable disconnect between price action and participation. The software rally is particularly interesting and gratifying to me given I … Read more
The Market Breadth Summary The Stock Market Indices Early in the week, the market looked ready to confirm a deeper bearish phase as market breadth broke down and selling accelerated. I felt validated in my bearish call for the first two days of the week. However, the bears quickly lost the narrative from there. Buyers … Read more