It’s comforting to see that sanity still prevails in some corners of Earth.
On Netflix
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.
Bird Flu
So, was that the sign? Allbirds? Seriously?
As a reminder, the maker of wool shoes (can you imagine the smell?) pivoted from selling the aforementioned shoes to becoming a company that provides Nvidia-powered servers to AI companies.
Makes sense, right?
Anyway, BIRD is down over 50% from yesterday at this exact same time.
Teasing and Treacherous
On the heels of TEN “up” days in a row, the equity markets are at the moment drifting aimlessly. The /ES has gone absolutely nowhere all night, and before the opening bell, the /ES, /NQ, /RTY, and /YM are a mixed bag of a little up or a little down.
Pairs Torte
Since the market is in a very weird place right now, let’s dust off the pairs chart and see what long-term movements they are suggestion.
First we have the NASDAQ Composite versus Silver, which tells the same story as before: bearish equities, bullish precious.
In The Eye Of The Storm
In my last post on Wednesday last week I was looking at how far the current rally on equities might get, and at the prospects that peace negotiations with Iran might deliver something positive.
I was skeptical about the prospects for a negotiated peace, and the talks in Islamabad on Saturday were abandoned after a day, as there was never really anything to talk about. The ten points that the US had accepted as a basis for negotiation were maximalist demands from Iran that would in effect have been a humiliating surrender by the US, and the alternative proposals from the US team on Saturday were maximalist demands that asked in effect for a humiliating surrender by Iran. The talks never had any realistic chance of success or even progress on this basis.
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