That’s Enough
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.
Only the Monsters
Let’s review five major ETFs this evening, briefly.
First up is the Dow 30 ‘diamonds”. Same story here, folks. The good news for the bears is that the lower highs are still absolutely intact. The not-so-good news is that the descending trendline is damaged. However, as I pointed out in a post earlier on Tuesday, breaking a trendline doesn’t mean the downtrend is over.
Herky Jerky
What has transpired over the past ten trading days has been extraordinary (and rather tiresome). I can sum it up with a simple chart of half-hour bars:
SBF Kicked in the Assets
This is one of those super-tall graphics, so I’m going to put the image below the “More” line. It’s pretty scary when your highest-quality, blue-chip asset is shares in Robinhood.
(more…)Inflation’s Vanishing Act
I hadn’t heard about the Flexible Consumer Price Index until I read about it from David Stockman. He pointed to it as evidence of how hot inflation was running. Well, that was true a few months ago, but look how fast it has collapsed. Maybe there’s something to the accusation that companies are cranking up prices under the guise of inflation, because I can assure you that what I pay for groceries and eating out is way, way, way higher than freaking’ 7% (more like 40%).
