Nice to see my home state got this one right.
Squatty Potty
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.
Sinking Canoe
Among the wreckage of Tesla-wanna-be “new green deal” companies out there, each of which is a flaming dumpster fire of cow dung, one particularly bad one is Canoo (which has the oh-so-clever symbol of GOEV – like GO Electric Vehicle……..get it?) It has lost approximately 99.6% of its value, which is an abysmal performance by any standard.
Two to Tango
Just a couple of charts worth noting. First is Tesla, which has been the weakest (literally 500th place) of the S&P 500. This won’t help: it is sinking toward multi-year lows, bound as it is by powerful Fibonaccis which I’ve been pointing out since JFK was shot.
Popular Delusions
Good morning, and welcome to the first day of the quarter in which we don’t have to endure lame April Fools jokes, especially from companies that think they’re being cute.
It’s a sea of red out there, which is a welcome change from the ridiculous, debt-fueled, and totally unsustainable mega-rally of Q1. I’ve marked in the next three charts the huge surge on Sunday when futures opened, egged one by the fake PCE number which “traders’ hope the Fed will use as an excuse to slash interest rates. here we have the /NQ……
Getting Q2 Started
When I was a kid, April Fools’ Day was kind of fun, but as an adult, seriously, it’s really annoying to read every given news item and wonder if it’s a joke or not. Given the state of the world today, it’s harder than ever to tell.
Mercifully, April Fools’ Day (which follows the vastly more consequential Transgender Visibility Day, which I trust you all celebrated with verve) is just about over. Let’s look at a few index charts to catch up.
First is the S&P 500, which hasn’t violated its ascending wedge over the past half year, but goodness gracious me, it sure is getting close. One even slightly bad day which crack this sucker.
