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.

Faithless & Perverse Generation

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All right, fellas (and Violet), I can see the spirit is willing, but the flesh is weak. I’m having a grand old time this morning (having woken up at 3:30 a.m., which is when the markets open in Tahiti), yet I’m seeing a lot of chatter about the market closing green and bears getting wrecked and so forth. Take a big step back and look at the /RTY (which, incidentally, has completely bashed in Scott Bessent’s pretty hairdo).

When I was a boy, there was a little poster in my bedroom which said, “Faith can break the sky in two, and let the face of God shine through.” Try that some, except with charts. Tend the garden. Let reason conquer impulse.

From Brittle to Robust

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Compared to recent days, it’s a relatively mellow morning, with screens green pretty much across the board. The only momentary shock was when Trump off-handedly suggested that an 80% tariff on China would seem about right, which caused some brief EKG action in the /ES.

A month ago, such an announcement would push the /ES limit down for the day, but in these more robust times, one small trader in Nutley, New Jersey sold off his long position and then the market continued on its merry way. It has learned to shake off such news instantly.

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