The agricultural space isn’t exactly setting the world on fire. If only the stock market could look like this! Anyway, just look at this thing grind down. Why isn’t food free at this point?
Not-So-Green Acres
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.
Industrial Failure
Culture Clash
I made a point of NOT watching the ES and NQ starting yesterday afternoon, because I didn’t want to be jerked around by the nutty randomness of the markets right now. Why put my emotions through such stretching and yanking when we have no control over the outcome? At this point, we are collectively at the mercy of the emotions and cultural mores of two very different negotiating partners.
Just over the past dozen hours, senior US officials made clear they were serious about the tariffs (see magenta plunge). Surprisingly for such a face-saving culture, the Chinese delegation made plain that they were coming out to negotiate in good faith this week, as originally planned (green tint), almost erasing the entire drop. And then, drip by drip, futures sank even lower than before.
(more…)Binkius Update
Preface from Tim: It’s been a long time since we’ve heard from Binkius Hippo (this one was from three months ago), but he emailed me this morning and, at my request, has allowed me to share his email here. I always appreciate his intelligent, well-informed perspective.
“You go to war with the army you have, not the army you wished you had.”
(more…)China’s Shanghai Index Rejected At Major Resistance
I last wrote about China’s Shanghai Index (SSEC) on March 25, at which time I identified 3150 as major resistance. Price had closed at 3043.03 that day.
Since then, price briefly broke above 3150 to hit a high of 3288.45 on April 8, and, after retesting that level several times over the next few days, it finally broke and closed below on April 25. In Sunday’s overnight trading it closed today (Monday) at 2906.46.
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