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.

Wake Me Up Before You Go-Go

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Happy Thursday, everyone. Well, in this chaotic world, I see at least Congress is going to become operational again. What a relief, considering all the important work they do. Mike Johnson has been voted Speaker of the House, edging out other candidates Bob Brown, David Smith, and John Doe.

As for my own world, the financial markets, I am absolutely thrilled to seeing the core failures we are witnessing, flying directly in the face of permabull shill Zerohedge’s parroting of Goldman Sachs and JP Morgan’s insistence that seasonality, seasonality, seasonality, and seasonality were four great reasons to buy equities with abandon. As of this moment, the /ES has broken its Fibonacci support.

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Friday’s Fibs

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What a week, eh? And we’ve still got 20% of it left! The market has been full of trickery, however. On Sunday, it gapped higher (red rectangle) and then had two massive lurches – one on Monday, and one on Tuesday. Little did we know at the time………..that would be that. It has pulled a few fast ones here and there (particularly during the pointless Powell blather), but on the whole the wind has been filling bearish sails with hearty gusto.

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