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.

Schrodinger’s Strait

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In my post on Tuesday 31st March I was saying that the likely best thing that could happen in the Iran War was that the US declares victory and that the war has ended regardless of any input from Iran. This would avoid further escalation and the major economic shock to the world economy that would likely result from longer term disruption to the Strait of Hormuz and likely also the Bab El-Mandeb Strait.

In my post on Wednesday 8th April after Trump declared a ceasefire and accepted talks on the basis of Iran’s ten point plan I posted charts showing bottoming patterns on SPX, QQQ, DIA and IWM that had broken up and those all made their targets last week, with new all time highs on SPX, QQQ and IWM on the back of a ceasefire in Lebanon and numerous statements last week suggesting that a peace deal was close.

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The Sunday Night Shrug

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Hey, I guess I should be grateful everything isn’t raging green to new highs, right? Not yet at least.

In the least surprising event since someone released a hammer and it fell to the ground, equity futures erased the majority of their Sunday shock drop. On the heels of the mega-rally of the past few weeks, the news over the weekend would normally have crashed equities, but as I stand here before the opening bell, futures are down about half a percent or so. The universal ticker symbol is now BFD.

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