So, yes, this much is true – it’s been a total bloodbath for tech.
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.
Tech Sunset
You wouldn’t know it from the quotes on your screen, but this has been a bad week for tech stocks. One succinct way to see what a sea change has taken place in the market is to look at the ratio chart of the NASDAQ 100 divided by the S&P 500. The long-term uptrend has clearly broken.
Farewell, TWTR
As this stock chart rides off into the sunset, never to be heard from again, we wish Elon well in making the place an actual business with growing revenue, sensible costs, and growing profits. It isn’t often you see a $41 billion company get delisted.
The PCE Pebble
Happy Friday, everyone, and welcome to the end of this insane earnings week. The massive news yesterday evening was AAPL and AMZN, but the big event this morning was the PCE, which is the Fed’s inflation gauge. It was projected to come in at 0.5% for the month, and that’s precisely what was reported. (Because, in spite of the 30% inflation you see whenever you shop, the actual rate is, ya know, 6%).
