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.
While I normally get up at precisely 5:30 each morning (no alarm clock; thank you, circadian rhythm!) I had to wake up at 5 this morning for a phone call. Before heading downstairs, I glanced at the futures, and I was delighted to see that in spite of them being all in disgusting lifetime record high territory when I went to bed, they were almost all red. In particular, crude oil – – which has been an obsession for weeks, as you know – – was getting completely smushed.
As we head toward a new week, it’s the Same Old, Same Old: green ES, green NQ, green RTY. My fixation remains on energy, however, which I believe has the most intriguing bearish prospects, and crude oil, bless it, is actually managing to be down 1.2% as I’m typing this, which in this environment is practically catastrophic:
On Monday morning, I got a sympathetic email from a fellow Sloper who was asking if I was holding tough on my XLE puts. I assured him that I was, although I mentioned I felt “horrible” at the surge (tinted below in green) which, evidently, was prompted by the latest stupid government program of waste known as the Build Back Better Boondoggle of $1.2 trillion. Mercifully, since then, the thrill of this latest travesty seems to have eased away.
