Slope of Hope Blog Posts

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Crumblin’ Down

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Happy December 26th to you Slope. As we begin to close the book on 2024 and look forward towards 2025, I thought it was a good time to look back at my primary call for 2024. This year I was focused on Tom McClellan’s 10-year crude oil analog, and what it was forecasting for the 2024-2026 time period. Let’s take a look.

You can read Tom discussing the analog here, just after the 2020 Covid crash. In the article he states:

“I first discovered this relationship back in 2008, when I looked at a log-scaled long-term chart of crude oil prices and noticed that it looked an awful lot like the chart of the DJIA.  So, I put the two on a chart together but was not really satisfied with the way that the pattern details lined up.  After some tinkering, I found that offsetting the crude oil plot forward by 10 years made for a much better fit between the two plots.

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