This is something so unhinged, that even I couldn’t dream it up until I read about it just now:
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.
Red in the Right Places
We’ve got red futures quotes for the equity markets for a change, which is welcome. I must say, with all the trade announcements, the fact the market hasn’t BUDGED for over a week is kind of indicative of how little the market cares about the trade wars anymore.
These same announcements would have had us crashing back in early April, but as it is now, it’s just a giant shrug of the shoulders, as illustrated by the /NQ:
Crypto Breakout
A couple of days ago, Bitcoin was near lifetime highs but was simultaneously at roughly the same price it was seven months prior. It didn’t seem like much an achievement, considering the tremendous amount of buying and political tailwinds crypto has enjoyed all year. On my tastylive show yesterday, however, I specifically said that Bitcoin seemed to be at the cusp of a breakout, and sure enough, shortly after my show, it rocketed higher to a new lifetime high and then, just this afternoon, rocketed yet again more thousands of dollars. So, bear though I may be, I called this one right.
Widening Saylor Spread
It’s curious that, while Bitcoin is pretty much just paddling around the water, staying afloat, not doing much of anything (with the same price it had over half a year ago)……..
Crypto Musings
Let’s touch base on crpyto, shall we? We begin with the biggest of the big, Bitcoin, which didn’t exist when Barack Obama first entered the White House and is now “worth” about $2 trillion. It has had a sensational recovery since April 7th, but the cold fact of the matter is that its price isn’t any different than it was in December 2024. Six months of an EXTREMELY pro-crypto administration, and………….zilch.
