The human predilection for big round numbers is unceasing. On Friday, when the Dow crossed 50,000 (see all those big round numbers??) for the first time ever, the cult distributed this:
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.
How Big a Bounce?
Good morning, everyone. This has been quite a week! Sadly, with earnings season behind us, I think it’s going to get more boring soon, but let’s enjoy the glow while we can.
Strategy (MSTR) is bouncing hard overnight, up about 17% from its low. You can already hear the high-fives and “We Are SO BACK” shrieks from the crypto crowd. I want to offer congrats once again to Xerxes for nailing this trade (I think he said in comments he was going to take final profits before the earnings call, which was perfect timing).
Alphabet
I declared yesterday the best day of 2026 for me, but today beat it. During the course of the day, I once again dialed down risk, ending the day pretty much at 100% (AKA zero use of margin). The big event right now is the GOOGL earnings, which are, shall we say, indecisive as of this moment.
Chips with Salsa
I’m known for my clever post titles, but I’ll be the first one to say this one is particularly clever. Well done, Mr. Knight!
Anyway.
After an amazing day today (best of the year), I was nervously awaiting the reports from AMD and CMG, both of which I am short. Well, one must never do a victory lap immediately after a report, but – – so far, so good.
The Big One Today
The big earnings event yesterday was Palantir (PLTR). Their earnings came out, the stock exploded higher, as did the /NQ, yet it didn’t save this market (which has reversed tremendously).
The big event this afternoon is going to be Advanced Micro Devices (AMD), in which I have a short position. Here’s hoping it, umm, slips.
