Well there we have it. A confession. Powell has said, plain as day, his entire team of financial dictators is “navigating by the stars under a cloudy sky.” So that’s the man who has seized control of the globe’s financial system, just to be clear.
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.
Pre-Powell Pontifications
In a superb example of bad timing, I have some personal commitments to address during the first hour of the trading day, which of course includes the Powell speech. So God help me! In advance of that, I am punching out this post about an hour before the opening bell, with a few musings about some important ETFs.
The Dow Industrials have (just barely) broken their trendline.
A Good Summer Call (by NYUGrad)
I don’t typically make this is the bottom or this is the top calls, because as a younger trader whenever I did, I would be humbled. But below is David Ryan. He is no dodo. He was William O’Neill’s protégé and portfolio manager. If you don’t know who William O’Neil is, well you probably shouldn’t be speculating in stocks. I will include links below.
I digress. Back to David, he was right in July when he called for massive blow-off top rally in META and NVDA. He is now calling a top for the year in tech, and to raise cash and get defensive. Only a handful of people I would take a call like this seriously. He is one.
Below are links to William O’Neil’s wiki and bio on IBD, as well as all his books which I have read a few multiple times starting at NYU Stern in the 90s. He passed away this year.
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