Anything resembling a bullish base has been destroyed. Negative rates, here we come!(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.
I last wrote about US 10-Year Treasury Yields in my post of August 16, 2019, which warned of potential upcoming weakness in the equity market. It was trading at 1.556.
Since then, it rose to a high of 1.952 in December, reversed course sharply in January, and has plunged to an all-time new low of 1.254 as of 2:15 pm ET today (Thursday), as shown on the following Monthly chart, as equity markets reached a 10% correction level this morning.
The big question is, is this capitulation or is it a warning of further equity weakness?(more…)
I just saw this chart over at ZH which is draw-dropping:(more…)
My “triad” of strategy: bullish bonds, bullish gold, bearish equities, is my three-legged stool for 2020. I am pleased to see bonds (by way of TLT) with a bullish island reversal pattern this morning, after some fake-out weakness last Friday.
There are two things I turned bullish on when the year began: gold and bonds. Both of these are based on long-term patterns. Short-term, of course, I watch them quite closely anyway.
Bonds, by way of the /ZB futures, have been slowly (very slowly!) strengthening in recent days.(more…)
I got an interesting email from a Sloper (who has given me permission to share his charts). He pointed out that looking at interest rates over the long term had cracked their descending trendline.(more…)
And there go the treasuries………(more…)