Jerome Powell is going to do his little legally-required charade on Tuesday and Wednesday mornings. He only does this twice a year in front of Congress, and the last time (June 21/22) is marked below in yellow tint. As you can see, that was right on the heels of what was a major bottom in the bear market, and once he shut up, the market went up for almost two months. Let’s just say it would be nice to have an upside-down version of that this go-around.(more…)
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.
As long-time readers know, I’m a huge MST3K fan. Below is one of my favorite shorts ever. Pure genius.
I’ve always consider equity bulls an unattractive bunch, but I’m usually thinking of their souls, their ethics, their spirits. But Ken Fisher takes it to a whole other level, and I’ve had to stare at this mug ever since I was a wee lad reading Forbes magazine, in which he’s had a column ever since Mamie Eisenhower was on the cover of Sports Illustrated’s swimsuit edition. Yuck!(more…)
Excerpted from this week’s edition of Notes From the Rabbit Hole, NFTRH 747, a look at two currently positive macro market signals. When they turn it will be time for change. Meanwhile, the Q4-Q1 broad rally continues:
Two positive macro market signals
Last week we noted two market leadership signals, one positive (Semiconductor and Tech leadership) and one potentially negative (Healthcare relative to the broad market). The potential bottom in the XLV/SPY ratio looks like less of a potential one week later (positive for the markets) as the would-be low got bent out of shape, and Semi and shorter-term Tech leadership are still intact.(more…)