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.

$2 Trillion Later

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Well, I think we’ve all stumbled upon a way to reduce the wealth gap that even Bernie Sanders himself couldn’t beat: just destroy it! In a matter of days, a full $2 trillion of equity value has just…………disappeared. The bottom 95% haven’t felt a thing.

Even I, the most bearish of permabears, didn’t see this coming. Not even close. But one chap did, however. He’s someone I’ve admired and respected for years, and someone I consider a friend: he is Attila. Back on February 11th, he said this:

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US10YT Drops To A New Low

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I last wrote about US 10-Year Treasury Yields in my post of August 16, 2019, which warned of potential upcoming weakness in the equity market. It was trading at 1.556.

Since then, it rose to a high of 1.952 in December, reversed course sharply in January, and has plunged to an all-time new low of 1.254 as of 2:15 pm ET today (Thursday), as shown on the following Monthly chart, as equity markets reached a 10% correction level this morning.

The big question is, is this capitulation or is it a warning of further equity weakness?

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