Below is TBT, the ultra-short against TLT, and it is doing PRECISELY what I predicted. This is a harbinger of much higher interest rates to come.
Powell has failed. He just doesn’t know it yet.
Rates Will Roar
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.
Cathie’s Clown
Cathie Wood, the most overrated fund manager in human history whose fame is entirely based on the fact she’s a female, must have considered her fund to have been saved about a month ago, since the fakery of 2023 was flowing to her fund’s benefit. As a chartist, however, I can offer that the saucer pattern which hinted that maybe ARKK would recover has pooed all over itself, and I think she’s going to back to showing up on CNBC every day yammering about this and that, but overall losing money for her investors.
Tell Him, Jim!
PREMIUM: Our 3-Pointed Friend
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Down & Out: Do It!
Below is IWM. A couple of weeks ago, it was threatening to burst above its well-formed bullish base. This would have been the end of the world for the bears, and I would have closed my account for the year. It didn’t happen. Instead, it went limp and is now eroding toward the pattern’s perimeter.
My wish: break the barrier. Break the pattern. And don’t come back.
