Oh my Lord, people. This is a surprise!
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.
The Case for a Bullish 2024
After such a strong year for equities in 2023, it may seem odd to think that 2024 could pad those already healthy gains. There are, however, a couple of reasons (besides the government’s persistent aid of the stock market) to consider this might be the case.
- The Presidential election year cycle tends to favor it. According to Merrill Lynch’s research, the strongest year is the third (which we’ve just had) at an average of +13.46%, whereas the second strongest is the fourth (which will be 2024) that clocks in with an average of 7% gains. The second year, at 4.49%, and the first, at 3.96%, are the laggards.
- Lifetime highs tend to beget more lifetime highs. As the ancient saying goes, trees do not grow to the sky, but until they stop growing……….they do. Below are seven major U.S. indexes which are presently at lifetime highs, having soared particularly strongly in recent weeks.
Regarding that second point, the reason highs tend to lead to new highs is fairly simple: everyone participating in that financial instrument is already a winner and, thus, optimistic. There is no overhead supply to contend with. In other words, there are no prior buyers in a losing position who are eager to get out. Added to this, the media (and featured tables in financial sections) draw attention toward new highs, which only adds to the excitement around a particular security or sector.
(more…)Slope is So Beautiful!
If you’re on a real computer (AKA not a phone), click on the image below and just take a moment to drink it is. Just to toot Slope’s horn for a bit, I honestly look at a screen like this and can hardly believe this is something I’ve created. It took me a long time – – I’ve been at this since 2005, after all – – but here it is. I absolutely love this site. I truly do.
It represents a substantial part of my adult life, and in particular I’d like to thank all our premium subscribers for funding its development. We’ve created something one-of-a-kind here, folks! Thank you!
Magnificent Amazon
Nice Bottom!
There are some decent-looking longs out there, although most of them don’t have much in the way of historical data. Below is Kyndryl (KD) which has emerged nicely from a rounded bottom.
