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.
Increasingly, my view of all of the action in ES (e-mini March S&P futures contract) from the Dec 25 electronic Christmas Day low at 2316.75 into last Friday’s (Jan 18) high at 2677.75 (+15.6%) represents three distinct psychological phases of market influence, which I have color-coded on this chart:
As in January of 2013 (ahead of an economic up cycle) and Q4 2017-Q1 2018 (ahead of an economic ripple that began in 2018) the Semiconductor sector and in particular its Semi Equipment sub-sector are front and center in forming our analysis about coming events. Excerpted from the January 20th edition of Notes From the Rabbit Hole, NFTRH 535…
This one is special for me. I started my work life many moons ago as a participant with the Semi sector [circa 1983-1993], painfully learning first hand how violent the cyclical turns can be. Dialing ahead a couple decades, in January of 2013 NFTRH began a narrative that saw the then up-turning Semi Equipment bookings (this data is unfortunately no longer published) lead the sector, general manufacturing and eventually the whole raft of components that make up the economy into a cyclical up-turn.
(more…)On this quiet market holiday, I thought I’d share a few economic- and rate-related SlopeCharts for a change. We begin with the unemployment rate which, as you can plainly see, has been on an incredibly powerful and consistent slide downward, far more impressive than any other time in this data stream’s history.
You know the saying about a great book: “I couldn’t put it down.” That’s how I felt about the documentary I watched last night.
I didn’t intend to spend ninety minutes watching it: I was going to bed and, out of curiosity, thought I’d watch a minute or two. But I watched it, spellbound, until the very end.
The documentary is “The Greatest Party That Never Happened”, and you Netflix subscribers can watch it. Here’s the trailer:
