Dear trading diary: That was a landmark week, make no mistake. A sentiment switch was flipped on Wednesday 31 July and now Bad News is Bad – really Bad. Latest jobs data was the latest to point to a severely weakening US economy that is
Tag: russell 2000
Most stock indexes are making new ATHs (with our favoured Russell 2000 being the standout exception). Normally, this indicates that investors expect higher earnings to come. That is, unless the market is gripped in a feverish speculative mania of course, when earnings don’t really enter
I believe the 28th of December will go down as marking the day on which major reversals of many important markets were launched following stunning rallies post October. Those highs very likely mark the end of the decades-old bull trend in financial assets. The trend
Long time readers will know I have been a major sceptic of the plan to electrify everything on the misguided mission to outlaw fossil fuels. In fact, it has the potential to bring down economies – and many governments. My stance is not because of
The Nasdaq is within about 1,000 points (6%) away from a new ATH. The S&P 500 is within 300 (also 6%) pts away from its ATH. The Dow is 2,500(7%) pts away from its ATH. But the Russell 2000 small cap index is a larger
Apologies to lemmings (who do not jump off cliffs), but I see this Disney-cooked fantasy as a suitable image for FOMO investors who are likely to suffer this fate. Later today the non farms report will be out and will likely start kicking the army
Today, as the Russian drama (or is it a circus?) plays out, the world stands on the edge of another transformation. And in the financial arena, the era of cheap money is ending as interest rates trend up. This is transforming the outlook for financial
Question: Do you avoid trading Sugar, Cocoa and Coffee? Is that because you ‘do not understand them’ or have no interest? Another question: If you make a good win in the market does it matter to you which market you traded? Because if it does,
What an incredible week in the stock markets. Manic melt-up FOMO buying of the AI -laced Nasdaq at the same time as this headline hit the front pages: “US corporations are filing for bankruptcy at the fastest pace since 2010″. The image of the Roman
This is a remarkable stock market is it not? It must be the most fragmented market in many decades – if not at all time. The next Big Thing is AI which has been getting extensive media coverage (rarely a good sign) – and is
There was a deluge of US data last week which traders took to be generally bullish for shares and positive for the economy. This the power of momentum at work. Actually, it doesn’t matter what the numbers were – if the consensus believes they justify
The bond markets have been receiving a little more than their usual non-attention recently. Most traders/investors ignore them and the vast majority of MSM financial coverage is still directed at shares. After all, shares are sexier and bonds are frankly pretty boring. The usually totally
