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.
In my long life, I’ve never set foot inside a Pizza Hut. If I’m going to consume a high-fat, high-salt, high-calorie pizza, I at least want it to be worth the damage done. I suppose the public feels the same way, since a dozen years have gone by and Pizza Hut hasn’t grown at all.
I wrote a post on 23rd April arguing that from an economic point of view the ongoing war between the US, Israel and Iran was largely irrelevant as the only thing that really mattered was how long the Strait of Hormuz would stay closed, and the risk that the Bab al-Mandab Strait might also be closed.
That was almost six weeks ago, and we’ve had a lot of announcements and briefings about peace talks since then, at least some of which appear to have been real, and it looked for a while last week as though there might actually be a chance of an interim agreement, but that has foundered for two strong reasons, firstly that both sides badly wanted a deal they could present as an unambiguous victory for themselves, and secondly that Israel didn’t want any peace agreement, and weren’t willing to restrict their actions in any way to get such any agreement.
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This report started out like any other. A geek doing his geek-like thing, managing what has been a thus far successful market phase. But as the report wore on, my views got right-sized in real time. I have not edited (other than grammar and some untoward wording, etc. and the italicized summary inputs) anything, so as to leave the progression of my learning on the fly intact for your review. It is published publicly with slight edits and certain actionable subscriber content redacted.
(more…)If you want a sense as to the overnight action, look no farther than the /RTY, which resembles a corpse since the close yesterday. Equity futures are overall either up a little or down a little, averaging out to essentially unchanged as we continue to levitate at record highs.
