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.
Each candle on the following five charts of the Major U.S. Indices represents a period of one year.
You can see at a glance that we’re still ensconced in a bull market that began in 2009 when the Fed first began their QE monetary policy.
In fact, both Tech indices closed at new all-time highs on Friday and haven’t experienced much of a pullback, so far, this year, compared with the other three relative to last year’s candle (thanks, in large part, to the FAANGs, as shown on the daily chartgrid below)…indicating that the bulls are still in charge of equities, overall.
I was in Los Angeles for the second weekend in a row, and I did something I do, on average, about one time every five years: walk into a McDonald’s. When I did, I saw something unusual: