Tuesday Market Wrap
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.
Wreck the Runway
Yet another example of a stock that seems to be “building a base” can yanked it right from under your feet. Once a rotten stock, always a rotten stock. The symbol is RENT, down 33% instantly:
Oil: Where It’s At
An anchor tenet of 2022 for me continues to be oil’s breakdown. In spite of all the narrative-based evidence to the contrary, my view is that oil is heading back down to $70/bbl.
The Past Week in One Image
The Prior Shocker
For what it’s worth (which is probably zero), the last CPI shocker took place way back on June 10th, which I’ve marked with an arrow. Equities fell hard that day, as they are doing right now, and they kept going a few days more.
