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.

That Ship Sailed

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About a week ago, someone here pointed my attention to a new book called A Fiscal Cliff. I am absolutely loving it – – can hardly put it down – – and I’m sure to write a long review/summary of it once I’m finished with its 400+ pages. As a side note, even though the book is pretty much hot off the presses, its data is made out-of-date thanks to Covid. For one thing, it mentions how in ten years we might pass the record Debt-to-GDP level of 107% set back in 1946. Well, folks, put down your pencils. We have roared right past that level massively………….we’re up to where the CBO projected we’d be in the year 2060 already.

slopechart FR GFDEGDQ S

So Here We Are

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Firstly my apologies for the wait since my last post. I’m currently getting divorced, which isn’t much fun, and the presidential election was so polarising in the US that I was getting the impression that if I mentioned that the weather was getting chillier as the season changed, then some would feel that was a comment on the election and get offended. The election is finally over….ish, and I think it’s safe to start writing again about markets.

So in my last post I was writing about the bull flags that would likely deliver retests of the all time high as and when they broke up. Those evolved into larger bullish patterns, a bull pennant on SPX, a bull flag on INDU, a possibly still forming bullish pattern on NDX, and on Monday those broke up into new all time highs on SPX, Dow 30 and RUT, but not so far on NDX. Equity indices are still retracing from those Monday highs, so what should we expect next?