OK, the earnings tidal wave continues. I mentioned here on Slope, and on my show, that the one I felt was “most vulnerable” was Alphabet. So far, I seem to have hit the nail on the head.
Un, Deux, Trois
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.
More Thoughts on FSD
Hot on the heels of the purchase of my second Tesla, I did a post one month ago about Full Self Driving, since I had never experienced it before. At the time of my original post, I had very little experience with FSD, but now that the car has about 700 miles under its belt, I thought I’d freshen up my thoughts on it and talk a bit about the new iteration of FSD which will be coming out during the next few weeks.
(more…)Wednesday’s Biggies
The big event on Wednesday after the close was, of course, the Tesla earnings announcement. They haven’t done their call as of this typing, but let’s just say the reaction is not great right now, taking the stock down a few percent.
Global Export Power Shifts
As always, a mesmerizing tidbit of historical financial information:
Bond Market, Gold, Yield Curve and the Changes to Come
Bond Market, Gold, Yield Curve and the Changes to Come
While it is far from the only important indicator for the markets, the Treasury bond yield curve (10yr-2yr) is very important because it takes what is probably the most important market for macro signaling (the bond market) and gives us a view into the dynamics between short and long-term yields. In the bond market, duration means a lot.
For one example, long-term bonds are much more vulnerable to inflation’s negative effects than short-term bonds. Short-term bonds also act as a liquidity haven during deflationary market crises. Long-term bonds can work quite well during disinflationary times and pay out better income than short-term bonds, but in a full out deflation scare when the very system (and its exponential debt load) comes into question insofar as you want bonds, you want short-term (in my experience 1-3 year Treasury, T-bills and Treasury Money Market). In other words, relative safety.
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