Here are just a few examples of the well-known stocks which happily participated in the January 6th counter-trend rally but have utterly run out of gas.
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Giving Up the Ghost
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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.
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AI Sputters
Fad. Gimmick. PR student. They all apply to what we’ve seen over the past few weeks.
The Small Caps
After getting absolutely wrecked in 2022, small caps spent about a month, starting January 6th, roaring to life. Some of them threw off triple-digit percentage gains. Over the past week, however, they seem to have lost their mojo, as illustrated by the /RTY futures. I’ve circled the lower highs that have taken place since last Thursday.
Money’s Sea Change
This is a video worth watching (I would suggest you do as I did and bump up the playback speed to 1.75). I touch on these topics quite a bit in my new book, and this is the kind of massive change coming (vastly more important than the ridiculous ChatGPT hype) which almost no one is talking about.
Wander
Well, folks, it isn’t exactly an electric morning. The only news of note, and it’s fairly middling at that, is the unemployment claims, which came in somewhat higher than expected.
