Come on over to SlopeTalk and join the fun as we watch Powell tell everyone that inflation is beat, and their work is all about the little guy, and not the billionaires! Yay!
Powell Watch Party
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.
Hard Landing
Remember Intuitive Machines? That’s the oddly-named company that created a lunar lander (with the appropriate ticker symbol LUNR) that sort-of kind-of landed (well, semi-crashed) on the moon a few months ago. As you can see, it’s worth about one-third of what it was during the excitement of the landing. It’s easy to get caught up in story stocks without any real basis in business.
Double Holding Pattern
It’s tough to get excited about the weakness in /RTY this morning, since just yesterday at this time (see red circle) the /RTY was getting demolished, and then For Some Mysterious Reason (cough, D.C., cough cough) the market got gobbled up, pushing the SPY and QQQ to highs never seen before. It hardly matters anyway, since today will probably be a nose-picking holding pattern as the all-important CPI and Fed events tomorrow morning.
Half a Hundred
Happy June to my Slope family! Since we are knocking around the window of time, I’m looking for a major top in the stock market, I wanted to review some charts I think are set up to take advantage of a possible bearish second half to 2024. I was looking around the internet last night to see if there were any important happenings around this date to mark this important occasion. I came across a few…
Today is Elizabeth Hurley’s birthday. Meow. It’s also Sundar Pichai’s birthday. No meow. Not exactly what I was looking for… and then I found the below. On this date in history, June 10th, something electric happened.
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