Something to consider. This is going to end in tears. Just not mine.
9/1929, 12/1999, and Today
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.
Likely Retracement Coming Soon
I’m expecting to see a retracement of the move up from the October lows start soon, and there are some targets I wanted to see made on equity indices before that happened. The last two of those were made on Friday.
The first of those was a retest of the all time high on NDX, and we saw a new high there on Friday, with a very nice looking overall rising wedges from both the 2022 low and the October 2023 low. This looks ready to turn soon.
NDX daily BBs chart:
Colliding Waves (by Silver Singularity)
A Note from the Publisher: Over the weekend, long-time Sloper Silver Singularity composed an epic post. Indeed, it is so epic that I sought and received his permission to make it visible ONLY to paying members. It’s a long one, so I’m going to leave it up for a while to give folks a chance to read it.
I’d like to offer a couple of deep discounts to encourage people to subscribe (and get immediate access to this post). Click here to get BRONZE for 99 cents for the first month (you can swing that!) and a permanent discount thereafter, or click here to get GOLD for the same can-you-believe-how-cheap 99 cents for the first month as well as a permanent discount. And, hey, this article by itself has got to be worth 99 cents, so even if you don’t intend to use a membership, you can always cancel before a month passes and still try out all the membership benefits! C’mon!
Hey Slopers, happy new year and I’m back with some crispy food for you!
This is certainly the most interesting time since I’ve been in the markets, I think we are at a very critical time and let me explain why:
Here we are back at all time highs for the three big indexes after a rapid digestion of the pullback we had this summer, pullback that was once again driven by long term rates.
And today you know the narrative: “soft landing, rates are going down because the inflation fight is over and the FED is going to be our friend again so we’re so back baby!”
Btw the bond market has become such a holy temple of volatility nowadays that it has become a little scary. Crazy how the market has been getting used to it at first glance.
(more…)Yield Curve Steepener Thus Far Inflationary
The new Yield Curve steepener has not yet un-inverted, but it’s in progress and thus far mildly inflationary
Reference Inflationary Yield Curve Steepening? from January 11.
In my opinion, after the secondary extreme inversion of the 10-2 yield curve in July a new yield curve steepener was in the bag. That is exactly what the curve has been doing since the secondary inversion.
Trounced by 100
Just a quick, simple ratio chart showing how the NASDAQ Composite (which is no slouch!) is getting absolutely beaten to death by the mega-cap heavy NASDAQ 100. It just shows you how potent a minority of stocks are versus the NASDAQ as a whole.
