
This Land is Your Land

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.

A few months ago, it looked like interest rates were in the throes of finishing a rounded top and, as in the past, about to head much lower. I’m not so sure anymore. Maybe the rest of the world is thinking the United States probably isn’t the greatest credit risk anymore, eh?

I know I’ve beaten the equity/precious metals ratio into the ground, but I can’t help myself, because the ratio charts are simply too amazing to ignore. In this instance, the small caps index (Russell 2000’s $RUT) divided by the long-term continuous contract of gold has completed a major reversal pattern, tinted in a lovely easter egg shade below.

Do not be alarmed. A minority of you get Apple TV, and a subset of that group watches the television series Severance. This post doesn’t require knowledge or even interest in the show, but the show’s conceit is the basis for what I have to say.
The premise of the show is that a small number of people have consented to a medical procedure on their brain which allows a corporation to employ them during the day, and during that workday, they will have absolutely no knowledge of their lives, memories, or families outside the workplace. Even though there may be a single human being, there are two human experiences: the “innie” who is the worker and the “outie” who is the person outside the confines of the office.

Stocks and bonds have an important, but ever-changing, relationship. It isn’t as simple as being inversely correlated. Far from it. Looking at the SPY/TLT ratio provides, I believe, an interesting pattern in the form of a rounded top followed by a wedge.
