Ya know, I really wish they’d trim the majority of the Covid bust and boom, since it really screws up the chart scaling. Anyway, this is an interesting post-WW2 view……..
The Long View of Recessions
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.
Retesting The Upper Band
This is likely my only post this week, as I was wiped out by food poisoning on Sunday night, and while I’m feeling much recovered, my total food consumption so far this week is one hard boiled egg, a tortilla wrap, some houmous to go with the wrap and half a cookie, which is slim pickings. I’m cautiously considering possible menu items for today.
On to the markets though, and the H&S setup I was looking at yesterday morning in my premarket video at theartofchart.net I posted on my twitter failed and on the break over the right shoulder retested the rally high as expected (after the fail) and went a bit higher. So where does that leave SPX now?
(more…)Delighting in the Demise
Well, there’s the GDP, and it’s negative. I only watch CNBC eight times a year – – that is, before and during the FOMC circus – – so yesterday, as I was watching, I could not believe how many experts were coming out and saying that the GDP would be modest, but positive. It all goes with the everything-is-always-great narrative that, evidently, some Slopers embrace. But it was a big miss. Here we see that the last two quarters were not only a miss, but also a substantial delta from their projections.
