Ummm…………so a cover story on Time about AI and Elon isn’t even mentioned. Elon, whose Tesla is a giant in AI (ever hear of FSD?) as well as x.ai – – isn’t on here – – yet Scarlett fucking Johanssen is?
Time Magazine’s Mistake
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.
The All-Knowing Jobs Report
Okay, folks. it’s coming within hours. The monthly jobs report. The last major data point that Powell and his minions are going to get before they drop interest rates either 0.25% or 0.50% (because that’ll totally save the economy). I’ve circled the anticipated results.
Bear Market: a Go-Go
We are between earnings seasons right now, but every few days, some company comes along with a report worth noting. Today, it is Broadcom (whose ticker isn’t BRCM as you might expect but, weirdly, AVGO). Let’s just say the new economy is starting to be felt far and wide.
The 2024 Box
For nearly a year now, we’ve been stuck in a box. That is to say, the breadth box of the percentage of companies trading above their 200-day moving average. Until this breaks down, there won’t be any serious bear market. Keep the faith! The symbol in SlopeCharts, by the way, is $SPX200MA. For now, we continue to tread water, broadly speaking.
