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.
$110 Billion for a Gap Closure
This is all Apple managed to accomplish with their absolutely criminal scheme to buy back a record quantity of shares in order to goose their own stock. They closed a price gap. B.F.D.
Brown Sprout
In the midst of this morning’s mayhem, I glanced, as I always do, at the day’s big gainers and losers in the market overall. The most losing-est loser is a company called Sprout Social. which has been, for years, an unmitigated wipeout.
Small Cap Gap Zap
Well, folks, it’s day 3,830 of the captured market, and the bulls are running roughshod. Not all is lost, however. I am taking advantage of the strength and have gobbled up a bunch of June $205 puts on the IWM based on the one-two punch of (i) a gap sealing up (ii) a major Fibonacci retracement level.
A Celebration of Weakness
The unemployment numbers just came out, and it was another gift for the bulls: weakness. The job growth was much weaker than expected, and the unemployment rate is creeping up. The logic here, of course, is that this lameness will provide political cover for Powell to issue a cut in interest rates to provide a boost to the current administration. Market historians will acknowledge that every major recession kicks off with the Fed cutting rates, because they need to do that in order to goose the economy. It doesn’t matter now, though, because the markets are raging on the news.
