Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Harbingers of Economic Contraction?
Data released on Tuesday shows that Home Prices rose, but New Home Sales fell, as shown on the graphs below.
This data goes hand-in-hand with a decline in Existing Home Sales and in the NAHB Housing Market Index, as mentioned in my post of April 19th.
Additionally, Consumer Confidence fell, as shown on the graph below. Since it's a "leading indicator of consumer spending, which accounts for a majority of overall economic activity," it's worth tracking to see if this is a harbinger of economic contraction, or even recession.
More Analyst Excellence
As most of you know, I don't trade Apple, but – – as the entire galaxy awaits their earnings results after the close – – it's amusing to note how crowded calls for Trillion Dollar Cupertino became at the exact peak of the stock's price.
I can only imagine the faces of the retail bag-holders if the stock continues to slip tonight.
Bounce Play – Dunn and Bradstreet
I had a good run on the short side with Dunn & Bradstreet. I'm currently long the position, angling for a bounce into the 80s again.
I've got a 20%/80% long/short split right now, with the only large position in either direction being short FXE (the Euro/USD ETF).
Anxiety versus Solace
A pleasant song for the next twenty-four hours of trading chaos….and a beautiful movie clip, too!
