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.
Eight days from now, on June 12th, Tesla is scheduled to launch their long-awaited (and I’m talking years) Robotaxi service. The eventually success or failure of this concept could be one of the most important events in the corporation’s history, since Mr. Musk has devoted so much of the company’s and resources toward the success of self-driving electric taxis.
I have entered into four new short positions this morning, focused on semiconductors. In each case, my stop-loss is set where I’ve drawn the dashed red line (typically a price gap or the recent “lower high” for the stock.
The ADP employment change report came out this morning, and, as it was the month before, it fell well short of expectations. Whereas the predicted increase in jobs was 111,000, the actual number was one-third that level. As you can see, the ADP figure has been generally shrinking for the past eight months, so there’s definitely a weakening trend in the wonderful world of job creation.
It’s been extraordinary rough sailing for the rapidly diminishing equity bears on the planet since April 7th. In retrospect, the entire Trade War Bear Market lasted two days and one minute. That is to say, it spanned Thursday, April 3, Friday, April 4, and for the first minute of Monday, April 7th. That was it. A grand total of thirteen hours and one minute of a bear market. Whoop-de-freakin’ do!
Having said that, let’s catch up with a handful of key markets. First up is the NASDAQ 100, which is getting within spitting distance of its lifetime high (set in February) but remains beneath its broken trendline. A push above this broken trendline would be simultaneous with a lifetime high and would probably end all bearish ambitions for months to come.
The publication Business Insider had an interesting piece about which jobs were most vulnerable to AI. Below are a couple of graphs I find especially interesting:
