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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.
In my last post on Thursday 24th July I was talking about the inflection point forming here on equities and the two important possible triggers this week. The first of those was the trade deal being negotiated with the EU and that seems to have been agreed over the weekend, at a general level of 15%. This follows a similar agreement with Japan and means that trade deals in that kind of area have been agreed now with most of the largest US trading partners except China, Canada and Mexico, currently at higher levels.
This could be establishing a new normal on trade so I wanted to take a moment to review where this may be leaving us.
(more…)Perhaps most folks think of Tesla as a superstock of some kind. It was. It definitely was. But the cold fact of the matter is that Tesla’s stock price is now pretty much where it was FOUR YEARS AGO, and those four years have been the biggest, fakest, most fraudulent bull market in history. Thus, staying stuck is quite the underachievement.

A quick glance at the Trump-worshipping perma-bull website Zerohedge reveals the disposition of equity fans, which is an amalgam of invincibility, giddiness, high-fiving, and ecstasy about lifetime highs, tariff deals, and even the desire to say, umm, WOW.
