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: Nearly Broke The Stock Market Summary I am surprised that the stock market ended the week as well as it did given that early in the week rising interest rates nearly broke market breadth. Rising treasury yields followed higher oil prices and a worldwide sell-off in sovereign debt. The benchmark U.S. … 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 Stock Market Commentary The Supreme Court finally issued a judgement on the President’s tariffs enacted under the cover of the International Economic Emergency Powers Act (IEEPA). In a 6-3 decision, the court invalidated the tariffs thus making them illegal. The news came first thing Friday morning and injected a little bit … Read more
Stock Market Commentary The protracted shutdown of the U.S. Federal government has dragged past three weeks and Federal workers have now missed their first paychecks of this battle. The stock market rallied to an all-time high when the shutdown started, and it certainly seems to care even less after recovering from a 1-day mini panic … Read more
Stock Market Commentary Last week’s trading had something for almost everyone: volatility, churn, recovery, and a bank scare. A familiar story about renewed U.S.–China trade tensions expanded into a larger mosaic of market stress and resilience. Still, given market breadth remains broken, I see a market skating on the edge. The volatility index (VIX) summarizes … Read more