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.
Although most index charts are just straight-up bottle rockets, here are three oddballs that are looking in serious trouble.
First up is the Dow Transports, which is about 90% done with an important top (pink tint), having broken away from its failed bullish base.
The market has been making lifetime highs pretty much every day since mid-April, which makes it a bit of a challenge to write about. It’s sort of like being a weatherman in a place where it’s always clear and 72 degrees. We can see a more-or-less saucer pattern completing in every time scale imaginable, whether minute bars……..
Our fellow Sloper, 5-star general Violet, was kind enough to share an article which pisses me off only because I didn’t write it. It goes on at great length about how how Goldman Sachs had penned a lengthy report completely slamming the AI Hype (which is a level of honesty I thought impossible at GS). Here’s a tiny excerpt from the article:
This report is so significant because Goldman Sachs, like any investment bank, does not care about anyone's feelings unless doing so is profitable. It will gladly hype anything if it thinks it'll make a buck. Back in May, it was claimed that AI (not just generative AI) was "showing very positive signs of eventually boosting GDP and productivity," even though said report buried within it constant reminders that AI had yet to impact productivity growth, and states that only about 5% of companies report using generative AI in regular production.
For Goldman to suddenly turn on the AI movement suggests that it’s extremely anxious about the future of generative AI, with almost everybody agreeing on one core point: that the longer this tech takes to make people money, the more money it's going to need to make.
I strongly encourage you to read it, because it is absolutely fascinating.
Perhaps you’ve read that, in exchange for pleading guilty to felony charges, the corrupt and inept organization Boeing is paying a multi-hundred-million-dollar fine. Yeah, for you and me that would be a big deal, but for a maker of killing machines like Boeing, it’s nothing.
