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 Coleman Francis of Markets
I’m a big fan of Mystery Science Theatre 3000, and from that series I learned of a famously-bad movie director named Coleman Francis whose movies were “often criticized for their abysmal production values, repetitive plot devices, murky picture quality, and stilted acting.”
I must say that I’m reminded of the late Coleman Francis when I look at the equity market, because it’s become as boring as one of his movies. But what can one say about a market that looks like this, except that it sure has gone up a lot:
Crude Pattern
One of the few interesting patterns I see cooking right now is crude oil which, on an intraday basis, has an extremely well-formed top.
Moore On Markets
As you all know, in a shocking upset to Trump’s power, Doug Jones beat Roy Moore in the Alabama Senatorial election last night, giving Alabama its first Democratic senator in a quarter century. This jaw-dropping surprise led to a catastrophic drop in the equity markets of about one-third of a single percentage point, followed, of course, by a complete shake-off and rebound to the green.
About Those Bonds
With the Fed making its last announcement of 2017 tomorrow (and Yellen making her last press conference as a Fed member), it should be an interesting Wednesday. I thought I’d point out that bonds, by way of TLT, might be in the throes of a fairly large head and shoulders pattern. What’s required here is for TLT to stay beneath that green tinted zone I’ve drawn (and, ultimately, to break the lower horizontal line).
