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.
This is a look at two ETFs: the granddaddy of them all, SPY (the S&P 500) and the high-yield corporate fund symbol HYG. In normal markets, they pretty much mimic the behavior of the other. As you can see, for many years, they are joined at the hip.
As our Continuum chart predicted over a year ago, Jerome Powell was called to his higher inflationary powers when the macro markets liquidated with great violence and terror. This link shows the Continuum (30yr yield and its monthly EMA 100 limiter) as it was then, begging for inflationary action…
Oh Jerome? Bond market calling…
Below is the Continuum today. Since the linked post last February, 2020, a lot has happened and it has been according to the plans we laid out last spring. The plan was inflationary because the Fed was going into steroidal inflation mode. The ‘Fed comfort box’ on the chart has thinned out from the original post because the red dotted limiter (monthly EMA 100) has declined appreciably since then.
These many months the NFTRH target has been 2.5% to 2.7% on the 30yr Treasury yield. This week that zone’s lower bound got dinged. It is coming time for a cool down at least, if the macro reflation is going to get a second wind. What could provide that second wind?
(more…)Well………..the server deployment is done, and as badly as it could’ve gone, it didn’t go badly at all. There are definitely some elements of the site that, umm, need some attention, but on the whole we’re rolling. Use the contact form or the “@” feature in comments to notify me of anything you see broken.
Please note, once again, that we are going to be doing a big server move tonight, so there WILL be Downtime (but hopefully not Blood). Maybe this post will actually manage to make the journey! Anyway, that should all be starting around 8 p.m. EST Friday and going well into the night. As for this post, I am bearish on the energy sector. Here are eleven individual stocks I like with that theme in mind:
This evening we are, for the umpteenth time, going to try to move to our new servers. Expect some downtime (AKA the non-existence of Slope for a while). Hopefully, as Bullwinkle so often said: “This time, for sure!” The downtime should be around 8 p.m. EST or so and last maybe an hour or thereabouts.
