Monthly charts show the really big structure in the market. I believe they depict the expansion and contraction of the economy. The markets at this macro view are like a big lumbering beast that is slowly breathing in and out. When the markets are rising, the beast in breathing in and expanding. When the market lets the air out, the beast is going to contract for awhile. (more…)
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.
The Next Big Currency Move
Fellow Sloper Trades shares his thoughts on currency markets here…….
While still speculation at this time, a significant move could be setting up in the currency markets. If everything goes right (and there is a checklist), some serious coin could be made going long or short various currencies. However, it should be recognized that this view runs counter to the consensus. (more…)
I Pray Bernanke Sings This For All Eternity
A ‘Carry Trade’ Returns?
As I was charting long-term Treasury yields in NFTRH 241, I ran a chart of the ratio between the banks and the S&P 500 and what do you know? The ratio had broken out to the upside right along with long-term interest rates. ‘Hmmm…’ said I, ‘maybe this is relevant to the analysis.’ 😉
Excerpted from NFTRH 241: (more…)
A Case in Favour of Extending QE But at What Cost to America?
It looks like the Fed will have to continue carrying the financial aspects of the economy for awhile due to softening manufacturing data released today. However, I haven’t seen any constructive bi-partisan fiscal policy emanate from Capital Hill that even attempts to support the Fed’s actions. Instead, they’ve been silent, uncooperative, and unproductive since the 2008/09 financial crisis. (more…)
