I’ve got 30 different bearish positions. I wanted to share a few with you, so here are seven from the ABCs.
Potent Positions
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.
Known Knowns
It’s been super stressful in recent days but today is different. Just yesterday, I was ankle-deep in garbage in my office (thanks, Duke!) and I did something I don’t think I’ve ever done in my life, which is ask my wife to get me something to drink (chai, my drink of choice during trading hours). I thought my head was going to explode! There was just so much going on.
Today is totally different. So much so that I wanted to lay out some known issues on the site that are going to get addressed, as we say here in Silicon Valley, real soon now. Rest assured; we intend to get every single one of these things dealt with by this weekend:
- Super Lists – this feature is sorta kinda working, but it isn’t updating in real time yet, which is crucial. I will note that the symbols Gold/Platinum folks are seeing in my shared watch list do represent a fairly accurate picture, but of course what we want is 100% accurate and up to date.
- Home Page Zaniness – a handful of folks aren’t able to get to the Slope Tiles home page.
- CryptoStream – this hasn’t working for about a week due to a total API change by the data vendor.
Running Slope is definitely 365 days a year operation but count on me to get this stuff working again.
In The Eye Of The Storm
In my last post on Tuesday I was looking at possible rally options from the current 2025 lows, and was looking for a rally lasting at minimum a week or two to make right shoulders on the possible H&S patterns that may be forming on SPX, QQQ and DIA here.
Getting a rally that lasted that long was seeming somewhat doubtful on Wednesday morning but then the highest tariffs were delayed for 90 days and a window of opportunity opened to see that rally.
How much of a reprieve was this tariff delay? Well the existing tariffs already in place before April 2 are still in force against Mexico and Canada, the 25% worldwide tariffs on steel and aluminium are in place, and the 25% worldwide tariff on cars and car parts imported into the US announced before April 2 remains as well. Of the other April 2 tariffs, all have been cut to 10% except the tariffs on China, with the US and China now in a full trade war. The White House has made it clear that a minimum tariff of 10% will now be levied on all trade partners indefinitely with rare exceptions that may be negotiated.
(more…)Eerily Quiet
First the data. Then, the feelings.
All the inflation data is out (CPI yesterday, PPI today), and it is ice cold. The actual data (left column) is way, way below the anticipated (right). In normal times – – and these are NOT – – the bulls would be celebrating this with +200 on the /ES. Instead, it’s slowly sinking in that deflation is creeping into our lives, and that’s not something to celebrate.
