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.

Mason Reese’s Pieces

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I’m amazed this week is almost over. It’s been quite an intense week, particularly psychologically, as I stood alone as the last bear in the solar system as of Tuesday, in spite of plenty of doubters and dissenters hither and thither.

Just the past couple of days have been exceptionally positive for my portfolio, but the real potential is Friday, which could be either glorious or dreadful. The magic moment happened on Wednesday, and, God willing, that will mark the end of Wave Two so we start to have some real fun.

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The BFD of the PCE

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Well, the presumed big event of this week is coming up in the morning, before the opening bell: the PCE report, which is basically real inflation divided by, I dunno, three or four. As you can see, this concocted, totally fake inflation data doesn’t budge very much from month to month, but for some reason all life on Earth depends on what this data point turns out to be tomorrow.

Fortune Cookie

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Good morning, everyone, and Happy Friday. I survived night number two with little Duke, and he’s doing great. He has intuitively grasped that when I stand and work, he can just curl up right next to my feet and relax. Clearly this pup understands the nature of Slope. By the way, if anyone recommends to you the value of setting an alarm clock to go off once every hour all night, tell him no thank you.

The past five trading days have been amazing, and now that the PCE is out (which came in precisely at the estimate), I think Friday has a good chance of working out well too. The /ES, shown below, had two big downturns (purple) thanks entirely to Bear Force One. The juiciest downturn was the post-NVDA “hey, maybe this tree isn’t going to grow to the sky” realization, shown with the red arrow.

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