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.
Earnings season is in full swing now, with a bunch of banks reporting pre-market today. Many of them were weak, such as Morgan Stanley (below) whose early action was described by ZH as “…slides as sales & trading disappoint.” Well, the “disappointment” was only felt by the bears, as every single bank (for no particular reason at all) rocketed higher at the opening bell and never looked back.
The media won’t shut up about The Return of Cathie Wood, on the heels of her disastrous 2022 in ARKK. Before anyone decides to erect a monument to this over-hyped money manager, take a glance at ARKK. shown below in grey, versus the plain old QQQ (in blue) and you’ll see that, well, yeah, her fund is climbing (since it can’t help but do so) but it’s not exactly jaw-dropping.
In this, shall we say, massively-supported environment, it’s rather stunning that a kingpin like AT&T would still be looking at nearly a 50% loss from its peak (!!!!!!). It all seems quite clear from the arrow that, once the uptrend was broken, there was one last gasp.
