Whoops! I was short CVNA and that are EXPLODING to lifetime highs tonight.
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.
TACO Strikes Again!
There were two big pieces of trade news over the weekend. First, your hero granted China YET ANOTHER “pause” on tariffs of 90 days, and at this point, let’s just accept the fact the Tubs is going to keep extending and pausing until he drops dead. TACO has struck yet again, because the man’s word means as much as his first two failed marriages, and the performative “Liberation Day” nonsense (complete with all the characters from Sesame Street’s song “Who Are the People In Your Neighborhood?) was clearly nothing more than a cruel joke.
Skid Row Bar
Big Beautiful Shrill
That was one strange day we just went through. Between the Trump/Musk war, the no-deal-for-Japan, and the BBB passing the Senate, there was a news avalanche that buffeted the market all over the place. The /RTY, sadly, went into full blown squeeze mode. I dumped my IWM puts (7% loss) but re-entered just a simple short-sale on IWM at decently-high prices. Still, we have got to break back below the green line for this to have a prayer.
Mission Aborted
That, as they say, is that. Earlier today, I shut down my September $220 puts on IWM with a 7% loss. I’d say the analog is wrecked at this point, and I’m not going anywhere near this thing for the foreseeable future.
