Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
My PLUS (AKA Slope GOLD) post for subscribers last week, on the 7th, must have been the timeliest of the year. Emerging markets have been absolutely falling to pieces, and after yesterday’s ridiculous, meaningless bounce-back rally, things are the proper color again: Red.
I’m getting a very late start this morning, so here are a few ETF charts I think merit observation. First is the oil and gas explorers, which is on the cusp of an important breakdown. This morning’s crude oil inventory report will abort this breakdown or get it rolling.
It was only a few trading days ago that most U.S. equity indexes were at the highest levels in the history of Earth. They are cheerfully and blissfully overvalued, far more than all prior bubbles, and no meaningful breakdown has occurred in over 30 months. Even so, the markets outside the U.S. has been ripping at the seams, and I wanted to share seven charts that are illustrative of that happy fact: