A brief video I put together about automated trendlines in SlopeCharts:
I was messing around with SlopeCharts, as I so often do, and I stumbled across one of our more unusual indicators – $CARS – which shows motor vehicle production. I overlaid it with the SPY and saw a mildly-interesting phenomenon in which car production peaks and rolls lower before stocks do. Like I said – meh – mildly-interesting.
In my life, some of the most know-absolutely-nothing-about-finance people have been chattering on about blockchain and bitcoin, and although the hucksters want you to believe that you’re in super-early on something that’s going to be world-changing, I still contend we might have already passed the Euphoria phase. (I discussed this at length in my Which Is It? post). Looking at big boy Bitcoin recently, we seem to be following the “return to normal” playbook.