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.
During this bear market, bonds and stocks have topped out at roughly the same time. The first time, bonds topped out weeks before stocks. The second time, they were identical. The third time, bonds again preceded stocks by a couple of weeks. This time, it seems to be in synch.
Permabulls (that is to say, almost every human) are obsessed with the idea that:
WRONG WRONG WRONG…………..
I dusted off Slope’s Yield Curve Tool and wanted to share a few interesting charts. First off, this is what the yield curve looks like during normal, healthy economies, like back in the early 1990s.
