Media focus on Elon’s mental – – umm – – meanderings – – has died down, but that hasn’t doused my interest in the stock named Tesla. I have shorted it this morning and the strength it exhibited from last week got close to its price gap and is pivoting away.
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.
Pilgrim’s Progress
Well, it was another one of those weekends where we were treated to all manner of market scares (“Trump is going to announce tariffs on $200 billion more of goods!”………..”China is going to walk away from trade talks!”………..”Oh noes!”) and yet, here we are just before the open on Monday morning, and the ES has collapsed all of 1/10th of a single percentage point. I can’t say I’m surprised.
One market that continues to behave As God Intended ™ is the bonds, whose pattern I’ve been following all year long. The head and shoulders pattern on it is glorious, and it seems to me that interest rates are simply going to continue stomping higher (which will do wonders for a planet buried in countless trillions of dollars in debt). The recent failure of this pattern (magenta tint) is, to my mind, the most significant market event to take place in years (the crypto revolution notwithstanding which, let’s face it, has enriched all of our lives beyond measure).
