Well, I had hoped one time was enough, but apparently not: the Dow Industrials is back over 40,000 again. I feel like we’re watching the Nikkei back in late 1989.
Over 40k Again
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.
Small Caps and Fibs
The mega-rally in small caps has returned us to an historically important area of reversal. These Fibonaccis have had power for years.
Alternate EVs Shining
Since Tesla utterly dropped the ball yesterday, it looks like some second-tier EV makers are having their day in the sun. Both of the companies below had hammered out nice bases and are taking a pop higher.
Upside-Down 10/13
Good morning, everyone. The PPI just came out, and it was twice as high as expected. So, umm, let’s review. Yesterday the CPI was expected to be 0.2% and it came in at 0.1%, a mere 0.1% difference, and the market exploded higher with the force of a Saturn V rocket. Today the PPI comes out at 0.4%, a full 0.2% (double) the expected, and as I am typing this, the market is down 0.04% on the /ES. Sigh.
Inbound Recession
Long-time Sloper Morisse (purveyor of the best jokes on the site) was kind enough to send me these charts with the suggestion that they seem to hint at a recession forthcoming. I am strongly inclined to agree!
