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.
Let’s start with two related and relevant items.
First, during my tastylive show yesterday, I made two important statements: first, that I’d really appreciate it if the market gods could create a failed bullish breakout with NVDA, and second, that the AI Bubble’s failure would absolutely dwarf what we saw in the so-called great financial crisis. I’ve linked the specific piece of the video where I made the first remark:
What a strange, strange market we are in. One would think the market would be getting pounded on a daily basis, but just the opposite is happening lifetime highs every single day except for weekends. I am delighted to state that my shorts are holding own beautifully in the face of this, which actually makes a certain amount of sense since the breadth of the market is awful.
The tech stocks just keep muscling to lifetime highs, and the absolute tidal wave of earnings that we’re going to see on Tuesday, Wednesday, and Thursday evenings will either justify these valuations or, at long last, start to punch these prices in the nose.
Here’s what is left of a paycheck after the government and landlord get the claws on it. Enjoy your nine cents, Hawaii!
Excerpted from the latest edition of Notes From the Rabbit Hole:
Fears about “inflation” the war-driven rise in prices of certain commodities and their knock-on effects have bounced Treasury yields a bit. The 10-2 yield curve has flattened under this pressure as the market weighs whether or not this will manifest in a more hawkish Fed.
