The Stanford-student-created company DoorDash hasn’t exactly been setting the world on fire since its IPO:
Dash for Cash
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.
Regional Cycles
This is Regional Management Corp. (symbol RM) which, over the long haul, has a tendency to form beautiful, powerful reversal patterns. Just something you might want to add to a watch list, particularly since it completed its third major rounded top of its history.
The Yield Curve Flattener
As the Yield Curve flattens, this inflation is different from the 2020 inflation
In 2020 an inflationary yield curve steepener was in the bag as the Fed dropped and pinned the Funds Rate and sucked up every bond it could get its hands on (in order to monetize/print). The bond market made the logical signals about the resulting inflation as the short end was pinned by a combination of Fed policy and the frightened, risk ‘off’ herds clustered in T-Bills and short-term Treasuries, relative to the long end.
Gold and then stocks picked up on it first, followed by commodities, which were tardy but are now the star performer late in the inflation cycle. Hmm…
(more…)Animal Spirits Aligned
One would think that the securities representing ownership of corporations and the world of digital currencies would have virtually nothing to do with one another, but in this all-assets-aligned world of ours, that isn’t the case. Once again, Layered Charts come to the rescue.
Check out Ethereum versus the SPY over the past five years. For a few years, they sorta-kinda had something to do with each other, but in the past couple of years, they’re virtually in lockstep. Market psychology reigns supreme!
Holding Fast
My fresh TSLA short, entered yesterday, is in “so far, so good” mode. Even with the preposterous explosion of equity prices, Tesla isn’t doing much of anything, which is just what a bear would want to see on a day like this.
