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.
In spite of being a country which exists on nothing but lies, China has been unable to fool the world into thinking they are some kind of commercial paradise. This is reflected in their dying stock market, which, in complete defiance of the trillions of dollars thrown at it by the dictatorship ruling the country, simply keeps sinking lower. It’s actually pretty damned beautifully, particularly since it conforms to what should happen beneath a right triangle top on FXI.
Welcome to a new week, and that one awkward time of the year when we’ve just emerged from weeks of on-again, off-again holidays only to face in just a matter of days ANOTHER freakin’ holiday. Groan. Ah, well. Let’s focus on what’s before us.
The big news today, of course, is that on top of overcharging the government for its “defense” contracts, Boeing has found itself in the business of selling planes whose parts come flying off during midflight. In a rational world, this would crater the stock 90%, it’s down just about 8% this morning, since they figure that Yellen will introduce the Boeing Support Finance Program or some such thing. In any case, a drop is a drop, so I’ll take it.
Original post here: Solid labor market data tempered optimism for a potential rate cut, putting pressure on stock prices. The substantial jobs report on Friday presented a mixed picture. In December, nonfarm payrolls grew by 216k, maintaining the unemployment rate at 3.7%, with hourly earnings increasing by 0.44%. However, enthusiasm was tempered by revisions, with October revised down and November. This marks a trend where 10 of the last 11 months have seen downward revisions from the initial nonfarm payroll figures.
Initially, stock index futures reacted negatively to the news, but a turnaround occurred at the opening bell, leading to a rally until around lunchtime. However, most of these gains were later retraced. In a down cycle, we are likely to see rallies being sold, indicative of a downtrend. Despite the volatility, the major averages mostly closed in positive territory. It is crucial that the markets close positively on Fridays. Our economy is primarily consumer-based, and a positive market close on Fridays tends to boost consumer confidence, encouraging weekend shopping.
(more…)I’m inclined to agree with this list of trustworthiness. Small businesses like Slope as utterly trustworthy. The scumbags in Congress are all just vile parasites. The people have spoken!
Yep, it’s inflation data time again: Thursday morning is going to be the biggie.
