For a change of pace, here are two country funds – one above us (Canada), one below (Mexico) that seem like appealing short-sale candidates. I have shorted Canada with a stop at 28.30; take note of those red lines, how the uptrend has changed to a medium-term downtrend.(more…)
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.
The amazing thing is that neither Trump nor the American people know what they want from the trade war. China knows exactly what it wants and needs.
Trump seems to want “even” trade with China. Both countries export/import the exact same amount from each other.
The American people want jobs. Trump’s “even” trade goal won’t help that. Reduction in Chinese imports will be filled completely by new trade with: Korea, Taiwan, Vietnam and Thailand. It will all be more expensive to the American consumer than trade with China because Korea, Taiwan, Vietnam and Thailand are all more expensive than China (but vastly and by American standards, incomprehensibly cheaper than any American manufacturing).(more…)
Take a look at this monthly comparison chart of the S&P 500 Index (SPX) versus China’s Shanghai Index (SSEC).
While the SSEC literally exploded during 2007 compared with the gains made by the SPX, and made an anaemic attempt in 2015, it’s, essentially, gone nowhere since mid-2015.(more…)
Preface from Tim: It’s been a long time since we’ve heard from Binkius Hippo (this one was from three months ago), but he emailed me this morning and, at my request, has allowed me to share his email here. I always appreciate his intelligent, well-informed perspective.
“You go to war with the army you have, not the army you wished you had.”(more…)
I was exploring the Slope Economic Database (which you can learn about here) and landed on some old data plots from England (yes, this is what I actually consider fun on the weekend). I thought I’d share a few of the charts here, since they’re pretty fascinating. As always, click on any chart to see a much bigger version. The description for each one is at the top of the chart.(more…)
Judging by one-day percentages lost, Monday’s market action was a bad day for Asian markets, as shown below.
China’s Shanghai Index is facing long-term major resistance at current levels, as shown on the following weekly chart of SSEC.(more…)