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.
Ya know, there’s only so much one can say about an equity market which has been caught in a range for a freakin’ solid month (“Welp, it’s not the top; oh, look, it’s near the bottom; whoopsie, near the top again!“) It’s a bore. So a little change of pace: commodities.
Here are a smattering of charts with a few words about each in the caption area:
Back in the 1930s, an accountant named Ralph Nelson Elliott discovered that financial markets are fractal in nature. This means that they are variably self-similar at different degrees of trend.
To that end, he explained that when a market is trending, it will most often display a rather predictable 5-wave structure. As an example, this structure is what allowed us to predict the rally from the 1800 region on the S&P 500 (SPX) to over 2600 back in 2016, along with our expectation for a “global melt-up,” which we reiterated at election time “no matter who won.” It is what also allowed us to predict the bottoming to the bond market in late 2018, wherein we bought TLT in the 112-113 region, as well as the rally in metals in 2019.
If you feel we’re range-bound, you are absolutely right. Today marks the one-month celebration of this ridiculous madness. On one side are lies, manipulations, and deceit (trying to push this overvalued market even higher), and on the other side are truth, facts, and virtue (led by the valiant bears). It is an epic struggle, and this cage-match is absolutely astonishing with respect to its clarity and longevity. May God smile upon the righteous and smite the liars! Amen.
I trust many of you have been enjoying the new Comments Search engine. I think it’s a total kick to wander through it, considering the literally millions of comments in the database. Plus, it’s insanely fast. On top of that, we’ve added another feature!
Now, when you get a search result, you can sort the entire data-set by either Date (the default) or by Rating. The Rating sort is particularly useful, since you can quickly ascertain which comments received the most accolades from other Slopers, suggesting which comments are the most useful.
Welcome to September, everyone! This is going to be an amazing month. At the moment, we are getting off to a semi-decent start. The absolutely absurd, ridiculous, laughable, sickening, and nauseating “trade talk optimism” spike from last Thursday (yellow tint) hasn’t been fully eradicated yet. Even a mountain of pessimism hasn’t smothered it yet.