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.

Control Is An Illusion

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The pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market.  And, it amazes that the great majority of the market does not realize how much of a waste of time these debates really are. 

But, as I often note, many market participants and analysts are simply not burdened by the facts.  If they really would review the facts of market history, they would learn that there is no one that can control the market.  PERIOD.

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US Bond Bubble Or Equity Bubble?

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Based on purely technical reasons, which I’ll explain below, I’d hazard a guess that US bonds are not in a bubble. If anything, equities look more like their bubble is about to burst.

The price on the following monthly charts of US 2-yr, 5-yr, 10-yr, and 30-yr bonds is currently trading around their respective regression channel medians, after a lengthy move up over the past year off very oversold lows (around the channel -2 deviation level).

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