In the deluded minds of the masses, surely soaring interest rates must be good news, in spite of the fact our once-great nation is $32 trillion in debt (actually vastly more, but…….) and consumers are already under the heel of oppressive monthly payments. We can see on the ultrashort fund against bonds (a proxy for rates) it’s up, up, and away…………
(more…)Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Farewell, Tahoe Bar
I’ve got a long drive ahead of me, so I’ll resume posting this evening. Have a good weekend, everyone.
Jumper Cables
There are a couple of electric car makers which have had a huge jump in recent weeks: Rivian and Polestar. You can see how similar the two charts are below, and how both of them are reaching major resistance zones. I’ve always thought Rivians looked great, but Polestar is just about one of the ugliest things I’ve seen since the Aztec.
(more…)Double Diamonds
Below are two ETFs which are both sporting very well-formed diamonds, which is more often than not a major topping pattern. The sectors are health care and utilities:
(more…)Tech Never Higher
The ratio between tech stocks ($NDX) and small caps ($RUT) has never been higher. Not even during the most insane Pets.com/DrKoop.com lunacy of 1999.