Here’s the US Dollar Index, which still looks long-term bullish.
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.
Light Speed
There is no need to create an indicator called Tim Knight’s Interest in Trading. They already have one. It’s called the VIX, and it’s at the cusp of breaking to a 13-handle, a multi-year low. I’m the guy who will cheerfully take on 40 different positions at once when trading is a blast. These days…….not so much. I am extraordinarily light right now, with over 30% cash and a mere 10 stock positions (and 2 ETFs). I rarely do this, but here is my entire portfolio:
Massive Inequality
I had dinner with a family friend on Sunday night who graduated from Georgia Tech. He mentioned to me that his alma mater now has 41 – – 41!! – – Diversity Equity and Inclusion officers. That’s quite a staff! I would suggest a few of them should be deployed to the stock market, because the inequality there is absolutely shameful. That is to say, if you divide the equally-weighted S&P 500 by the “normal” S&P 500 (which massively, massively over-weights the mega-cap stocks) you can see just how poorly the true market is doing, in spite of ever-soaring nominal values.
Crude, Coin, and Co-Opting
Let’s cover three topics on this sun-isn’t-even-up morning.
Crude Scheming Fails
As I hope you know, last weekend the lovely people constituting OPEC – – which are basically a conglomeration of nations that would have NOTHING to offer the world were it not for the fact that, by sheer accident, a bunch of dinosaurs died beneath their ground hundreds of millions of years ago – – got together in their market-manipulating cartel and declared that, once again, they would SUPPRESS the natural energy supply in a shameless attempt to maximize their profits. As the arrow indicates, it worked great.
