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.
Below is a chart which future generations as well as younger traders of the present day will consider science fiction. It illustrates that the S&P 500, in the span of well less than a decade, had two bear markets.
These bear markets were not measured in minutes, hours, days, weeks, or even months. They went on for years, plural. These days, any drop lasting more than a few dozen hours seems foreclosed by Keynesian decree.
Good morning, everyone, and Happy Friday the 13th! The Fourth Turning is ramping up stronger than ever, and over the course of just 48 hours, the market has turned into an endlessly annoying bore-fest into something electric, exciting, and fun.
Of course, the mega-news last night (for which the world was only provided ceaseless warnings for at least a full day in advance) was the Israeli attack on Iran, which sent crude oil screaming higher. As is so often the case, the reaction was overdone, and about half the “screaming” has left the building.
Given oil’s tremendous strength, the ETF dedicated to energy, XLE, has rebounded mightily. I have entered a new position with a tight stop (the price gap highlighted below).
The oddly-named Oklo, a nuclear energy firm helmed by Sam Altman, is up over 1,000% in just the past nine months, with government contracts being the key to their success.
