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.
Strange day so far, eh, folks? First there was the rumor of a Trump/Xi phone call, which China denied. Then there was the official announcement of the call, stating that they had smoothed over their differences and had come to terms.
In a classic “sell the news” kind of event, the good news of China/US being buddies (for the moment) sent equities slipping,
In spite of reaching bear market levels (for about 12 seconds) early in April, tech stocks have almost totally recovered, now being a mere 1% beneath its lifetime peak as measured by the QQQ. From a charting perspective, this moment is important since we are almost perfectly mushed against the broken trendline. Tomorrow’s jobs report should settle whether this trendline simply doesn’t matter or whether it represents true resistance.
Even though gold is barely budging right now, its younger brother silver is having a grand old time, blasting 4% higher and enjoying the power of a very long base that it has been building up.
Two months ago, the market was absolutely electrifying. Day to day, one never knew what the direction would be, but whether up or down, it would be big. The daily swings were large, and sometimes historic. It was a ball.
