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.
My post of July 14 discussed the trade war between China and the US and the effects it was having on China, in particular. Since that date, I added several important updates on that post, which are definitely worth reading…the latest one was earlier today (Monday).
The following World Stock Markets heat map shows the major losses incurred by world markets at their respective closes today…not a pretty picture.
Dutch was kind enough to send me a chart he put together which is fascinating. It tells the story, but I’ll say it anyway: these big Fed meetings that everyone anticipates so much have recently been the harbingers of big downturns (and what we’ve seen recently is clearly no exception). Click on the graphic for something more readable.
Let me say at the outset – – because by GOD I don’t want to get any emails on the topic – – this isn’t bashing the guy. I just think, as a signal, these tweets cannot be beat. Sure beats the holy hell out of Elliott Wave.
The Fed gave us exactly what the market expected in a .25% rate cut, and even gave us a “gift” with the early cessation of Quantitative Tightening. Normally, most would view this as a bullish catalyst. However, with market sentiment topping out in a bullish extreme, market participants interpreted the Fed action as bearish (despite its positive substance), and the market sold off this past week.
Based upon my analysis, we now have a top in place, as I have been warning to expect. The question is what will that top represent?