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.
Shred It
I strongly suspect this piece of garbage Reddit (RDDT) will be in the single digits within a year and a penny stock not long thereafter. Anyway, it’s just a few days old and has already crashed to lifetime lows.
Fib-Tickler
Here’s an interesting tidbit: the Russell 2000 almost perfectly tagged its Fibonacci sequence on Friday. This is a major resistance level, and if we can break that ascending trendline, the small caps have a real chance of finally ending this insane mega-rally that started last October.
Grating Expectations
What’s Happening At The Blackline?
Against all odds, stock markets have managed to roar through the first quarter of the year, seeing all major indexes closing off the final trading week of the quarter on new highs despite high levels of uncertainty, inflationary pressure, and the high-interest rate environment.
On Wednesday, March 27, the benchmark S&P 500 rose 0.53%, pushing total quarterly gains to roughly 10% for the first quarter of 2024. Since late January, the benchmark index has been setting new records and hasn’t looked back ever since. The index is now on track to clock in its biggest first-quarter gain since 2019.
Similarly, both the Dow Jones Industrial Average and the tech-heavy Nasdaq Composite reported similar gains, with the Dow Jones rising 0.40% and the Nasdaq up 0.40% during late Wednesday afternoon trading.
(more…)