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.
Today is all about Fed Chair Powell’s Jackson Hole Speech at 10 am Eastern, but from a market perspective, we might want to keep a close watch on the reaction of the USD to what Powell says or does not say.
Why? Yesterday’s strength in the Dollar has reversed overnight into this morning’s pre-market session.
In a post to members at 15:30 yesterday, I posited the following about the USD: “The $64,000 question about Gold and the Gold Miners depends on the direction of the USD: Was the recent decline in DXY the start of a period of weakness or a completed correction?” (more…)
At the risk of drawing in new competition by describing my lifestyle, it’s true what they say about the life of a financial blogger. It has replete with advantages.
First there’s the money. I don’t want to brag, but over the course of a year, I make literally thousands of dollars in ad revenue. Second, of course, is the women. Rock stars have nothing over financial bloggers. It’s just something about this line of work that drives them wild.
Third, and most relevant to this post, is the endless come-ons and proposals that arrive in one’s inbox. Moments ago, I got this one:
Not only do we now have the longest bull market in history on our hands, we also have one in which virtually every major index is at lifetime highs, having formed exceptionally clean basing patterns.
It was a real pleasure to see the Tastytrade folks in San Francisco yesterday. I roamed the exhibit hall (which took upwards of 7 minutes), listened to Tom Sosnoff’s keynote presentation, then went out to Tosca Cafe for dinner with the group for some good food, drink, and loud conversation. Working by myself as I do 99.9% of the time, it’s a nice change of pace to see some fellow human beings.
I must say, my gratitude for now having to do trade shows anymore is amplified every time I attend one. These things used to be SO exciting. “Trader” type trade shows (Trader’s Expo, Money Show, and so forth) were like COMDEX in the old days – – tons of new, exciting products and an exhibit hall jam-packed with attendees. These days, even with equities as historic highs, these shows are a complete bore. Like I said, it took me 7 minutes to see the entire thing. Meh!
Anyway, with Jerome Powell up at Jackson Hole assuring everyone that things are awesome, equities are having another record-high day. One area of weakness that’s very important to me is the Dow Utilities, which is still painting out what I think is going to be a very important 4th top over the past decade. It’s a beauty, and if it finishes, look at below. (more…)