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.
Another day, another lifetime high across the board on almost every index that exists. I’m reminded of page 191 in MIchael Lewis’ The Big Short, in which MIchael Burry (who was massively short credit default swaps that, inexpliciably, refused to decline in value as they “should” have) was recounted as doing the following:
I don’t shout out obscenities, but I have been exercising my middle finger, aimed squarely at my screens, quite frequently for the past month.
Predictions are tough to get right, but here’s one you can pretty much bank on: in 9 days, there will be stories galore about the Five Year Anniversary of the Bull Market. I’m sure I’ll chime in that day with something pithy (or pithyful). (more…)
Earlier this month, when we introduced Portfolio Armor‘s new portfolio construction tool on Slope (“A New Approach To Portfolio Construction”), I mentioned that the tool uses an analysis of historical returns as well as option market sentiment to calculate expected returns for the approximately 3,000 securities in its universe. This week, one of those expected return calculations turned out to be eerily prescient, so I thought I’d pull back the curtain a bit on it. (more…)
