My little town of Palo Alto has only one daily paper: the Palo Alto Daily Post. It’s free, and it’s a bit of an obsession of mine. I normally can’t stand local papers (I stopped my subscription to the San Jose Mercury News and the SF Chronicle in 1990), but the Post is special (and the free price helps). As you might guess, literally about 60% of the space these days is real estate ads.
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.
Big Moves are Coming
I follow four areas of the market very closely; volatility, miners, gold, and the SPY index, and everything smells of deflation. I trade on the 2 and 4 hour, but I took a step back and looked at the monthly, weekly, and daily charts and everywhere I look it smells of lack of oxygen.
The broad market has a decreasing positive slope (8% y-t-d), and why not, you cannot continue to have 10-14% (from 2014) annualized growth rates with no GDP, Income, or fixed income rates. The charade started with a relative yield trade, then a squeeze volatility trade, and now we are wrapping up the leverage the balance sheet trade. The Central Banks and politicians have done everything except the right thing, and maybe because the right thing is the hard thing.