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.
Dozen Broken Eggs (Part 1)
Top-Tick Charlie
Let’s talk about the bond market and yields. We will kick off with the number one guy in fixed income at the investment giant Charles Schwab. Only the Lord knows how much this guy is paid, so he must be brilliant. Let’s see what he was saying in July 2020:
The Wobblies
Oh ye of little faith!
I’ve got a couple of charts to show you that are interesting. These are private charts. What I mean by that is that they representing the sum total of paying subscribers (God bless ’em all) here on Slope in two different eras. The first one is the Spring of 2020, during the Covid crash:
Yield Curve Inverts; Gold Awaits
Yield Curve inverts deeper than August, 2019
Like the larger media this tiny little spec within the media reports the news to you. The 10yr-2yr yield curve has inverted (ref. Yield Curve inversion upcoming). Now, what does it mean?
Well the first thing it usually means is not to panic (especially now that High Yield credit spreads are easing), but do tune out the media hype about it because it is not the inversion that tends to signal an economic bust but instead, the steepening that follows it. Among the important questions are how long will it remain inverted and how deep will the inversion go before the next steepener?
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