One of the most bizarre beneficiaries of the AI Fad has been the most boring sector on the planet, the Dow Utilities. The elevator pitch was simple; all those NVDA chips are going to need a lot of electricity to power them, so you better buy the companies that sell power. It worked for many months, but I think people are starting to realize they’ve been suckered. A severe fall to that trendline is totally plausible.
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.
You and Eye
Please listen to this, from our beloved Alan Watts. I found it remarkable.
Is That a Wrap?
Below is SMH, which has been the main driver of the market’s rise for eight horrific months. Once the magical fairy dust of the NVDA 10-for-1 stock split wears off (which might happen instantly on Monday), we will see the semiconductor index take a sharp turn lower. It’ll be high time, too.