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.
Even though Nike has already lost 62% (!!) of its value, it’s still a stock very much in trouble. I guess making a business out of handing over eiight figure checks to athletes is starting to break down as a business model. The massive right triangle is complete with today’s full-on swoon in post-earnings trading.
Viewed with blinders, it’s a delight to see the /ES down 55, the /NQ down hundreds, and every single bearish position I’ve got ready to fall at the opening bell. However, we all need to remain cognizant of the game of jump rope the market has been playing for a solid two weeks now, as viewed by way of the /ES futures.
Have you heard of Microsoft, Meta, SAP, Target, Merck, or Walmart? Of course you have. Could you name the CEOs of any of those companies? Yeah, you could probably name at least two or three. And, for those you can actually name, can you articulate their political dispositions?
Probably not.
There’s a good reason for this. The first reason is: who cares? If I need to buy cough syrup, I’m not going to trouble myself with what the CEO of the maker of that cough syrup thinks about politics, family life, religion, or any other personal topics. I just want to stop coughing.
The second reason is: most CEOs are shrewd enough to know that there’s absolutely no value or benefit to them running around shrieking about their opinions on anything except their own company’s products and services. If the CEO of IBM thinks that there should be a special 5% universal tax to fund transgender surgery, they’re not going to go onto CNBC to chat about it, because they would be idiots to do so. It’s a longstanding tradition among business leaders to keep their traps shut and to stay in their lane.
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