There seems to be a growing consensus that the bear market is over. There will be a Fed “pivot”. There will be a surrender on Powell’s part. All the bad news is already “baked in.” As you might guess, I disagree. Here is a ratio chart. It is the RYT divided by the IEF. That is, the S&P equally-weighted technology fund (RYT) divided by the 7-10 Year Treasury Bond fund. Beautiful, isn’t it? And a long, long way from being done.
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.
Wacky Wednesday
California’s High Bar
Just a Minute……
It wasn’t that long ago that the release of the Fed Minutes was the most unimportant non-event of any given month, but these days, the entire financial world teeters on the edge of its Aeron chairs to pick apart every word, phrase, and semi-colon. As I’m typing this, the ES and NQ are roaring higher.
(more…)How to Fleece the Public
Observe with me the stock chart of Luminar, a company ostensibly making self-driving automobile technology, which has lost about 90% of its value and is present at never-before-seen lows:
(more…)