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.

Contradiction in BlackRock’s Focuses

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BlackRock’s coziness with China isn’t going unnoticed amid its increased push in favor of (environmental, social, and corporate governance (ESG) issues. China isn’t exactly known for supporting ESG issues, and BlackRock is being criticized as favoring Chinese companies that lack regulatory oversight over their better regulated U.S. peers. Meanwhile, U.S. lawmakers are criticizing the firm’s involvement in coronavirus-relief measures for its focus on China.

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Hong Kong & Chinese Markets Face Economic, Political & Technical Headwinds

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Hong Kong’s Hang Seng Index (HK50) has been massively underperforming China’s Shanghai Index (SSEC) since January 2019, as shown on the following monthly charts.

In fact, the HK50 broke below the bottom of its Andrew’s Pitchfork channel in March this year, as the COVID-19 pandemic spread around the world from Wuhan, China and caused hundreds of thousands of deaths and untold catastrophic global economic destruction.

Such a channel break usually signals a shift in trend and sentiment from bullish to bearish. In fact, that has already occurred with the formation of lower highs and lows on this monthly timeframe. As well, the Balance of Power has, once again, turned negative.

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Phase 0

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If there’s one small thing that could have been pointed to as a plausible, albeit small, success story over the past 3.5 year political nightmare, it was the U.S./China trade deal. There was nothing epic about it, to be sure. The bluster surrounding it dwarfed the reality of the soybean-buying, purchase-promising pages, but it was a small success nonetheless.

Well, that lilliputian victory has been zeroed out as well

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Japan Approaches Exhaustion

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It just kills me how hardly anyone cares about what the central banks are doing. The federal government promising as many trillions as Larry Fink of Blackrock wants, so that he can buy infinite LQD, should have people rioting in the streets. But, nope. This is the equivalent of the Fed telling Tim Cook he can buy as much AAPL as he wants in the open market with infinite trillions. Just vomit-inducing.

In a similar vein, the Japanese equivalent of our Fed has been making direct purchases of their stock market for years, in order to prop up their zombie economy. I’d say the recent lift is coming close to an end, as we approach the price gap.

The entire thing is a global farce, which 99.9999999% of people are too lazy or ignorant to grasp. It’s pretty sad.

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