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.
All the exciting markets have finally been strangled to death. Bitcoin? Nope, it got a couple thousand bucks blown off the top in no time. Tesla? Ha! You know better than to ask that. The NQ? Only if you like playing with fire.
The same, sadly, can be said of precious metals. In fact, with the exception of just a few days, gold has been in a boring, god-awful range ever since late July!
This chart is a simple but important one: the blue line represents the cumulative advance/decline line (available in Statistics from SlopeCharts) and the black line is the SPY. As you can see, there was a major divergence early this year (shrinking breadth in the face of a soaring market), and we’ve got an even more extreme instance of that right now.
OK, that votes have been cast! Here is the outcome about what the Slope of Hope community believes is in store for the November 3rd election:
So, yeah, I haven’t heard of most of these. $140 billion for “ByteDance”. Ohhhhh-kay.
One thing that has been driving Tesla stock recently is the expectation that it would be added to the S&P 500. However, that didn’t happen, and investors started unloading the shares as a result. The S&P 500 Index Committee added Catalent, Etsy and Teradyne to the index on Friday, but it excluded Tesla stock.
Many investors had been banking on Tesla stock being added to the S&P 500 after the company posted its fourth straight quarter of profits. However, when it was revealed that the EV maker wasn’t added to the index, its shares plunged by more than 7% after Friday’s closing bell and were down as much as 15% before opening bell this morning.
Tesla stock has skyrocketed this year, climbing about 400% and making the company more valuable than some of the biggest automakers in the world, including Volkswagen and Toyota. It’s unclear why the S&P 500 committee snubbed Tesla stock, but one popular hedge fund manager had an idea.
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