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.
Follow Jim to Risk-Free Paradise!
Are Bonds Ready to Turn Higher?
At the risk of seeming like I'm putting together another post that is merely grasping at a straw – any straw – to prove the market is going to turn down Real Soon Now, I offer the following:
Bonds, as measured by TLT, have been doing a pretty good job bouncing off the Fibonacci fans I've drawn. The last time they bounced twice off a supporting line, they turned around and rallied heartily. We are, I submit to you, ladies and gentlemen, completeing a similar double bottom right now.
If bonds do zoom higher (and I'm well aware as to how many bond bears that are, and how convincing their narrative is……….), equities will likely turn down. The last time we bounced off such a double bottom is highlighted below in green. As always, only time will tell.