Gas Climbs Back
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.
Bounce or Something More?
Commodities have been corrected hard, generally to support
It is amazing how compressed the cycles are in the markets these days. But maybe it’s not so surprising when you consider the constant involvement of meddling, manipulating central banks and even governments. Add a dash of hysterical media and the human instinct for knee-jerk herding and voila, there you have it; sentiment in commodities (and the inflation trades in general) going from absolutely rock solid (over) bullish to bleak in the span of a month.
All of this in the wake of an entity that held out dovish as long as it could before being directed by the market to put on its hawk costume and go steroidal in its inflation fighting stance. Seriously, market participants are taking their cues from a monetary authority that itself is taking cues from the bond market’s signaling (tardy though they were on the uptake). The link above shows the 3 month T-bill yield’s directive that the Fed aggressively raise rates back back in February. There were other signals as well demanding the same.
(more…)Double Nickel
Remember all the zaniness in early March about how commodities were going to the moon, and metals such as nickel were so red-hot that the exchange literally had to shut down so that a short-seller in China wouldn’t blow up? Well, sure enough, the insanity top-ticked the entire market, and it has completely retraced.
Financial Napalm: The Fed Needed Stocks To Fall
Commodity Trees to the Sky
Bored as I was with the “markets”, I was thumbing through some layered charts, and I stumbled across this forgotten gem. Below is the DBC (the commodity ETF) in 2008 (red line) and today (blue line). It’s an interesting analog, for sure:
