I’m afraid that this sardonic representation of charting for 2023 is true. All the bullish ones, just fine. All the bearish ones: a slight modification is required. Click on it (as always) for better viewing.
Charting for Chumps
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.
High Yield Spread
Holy guacamole. Have I got a chart for you. What I did was took the high-yield corporate bond rate (for you Gold and Platinum folks, the symbol is FR:BAMLH0A0HYM2EY). I inverted it. Then I used a Layered Chart to put the S&P 500 on top of it. These two are normally quite closely-correlated. As you can see, the spread between them has become absolutely insane. Let’s just say equities aren’t priced where they should be.
Breakouts and Cautionary Tales
Oh, Baby……..
