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.

Rationalize THIS

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Yesterday evening’s Nvidia earnings slapped on trillions of dollars of recovered market value to stocks around the world. The chart of the /ES below shows the beneficial effect of the NVDA news (green arrow). This was augmented, but only slightly, by the jobs report which showed the unemployment rate had increased to 4.4% (more realistic figure: 24%) and that monthly earnings had increased less than expected (0.2% instead of 0.3%). Thus, as shown by the red arrow, the /ES got up to about a triple-digit overnight increase, with the /NQ up almost 500 points. Zowie!

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Blown Jobs?

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Just a heads-up that, almost 50 days late, the September jobs report will be coming out an hour before Thursday’s opening bell. Now that Trump’s hand-picked lacket, E.J. Antoni, is the one who is going to be making up the numbers, I suspect they’ll show five million new jobs added or something. In any case, let’s see if the market cares enough to budge the needle any more than NVDA already has.