The price gap on the SPY (and $SPX, obviously) offered little in the way of support. We’ve sliced right through it. This opens up the opportunity for September to be not just good for the bears, but great.
About That Price Gap…..
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.
When Giants Fall
I’ll start off with a short victory lap, which is regarding something I said when the bulls were bidding up equity prices into the green zone across the board early this morning.
The Jobs Capper
The jobs reports came out, and it wasn’t that big a divergence from predictions. The rate is at 4.2% still, although hourly wages are heating up a bit faster than thought, and new jobs were a bit weaker than thought. Overall, a “stagflation” type picture, although the immediate reaction has shaved off a bit of equity weakness. As I’m typing this, equities are down fractionally, but still just a touch red.
