South Korea’s fund EWY has gone absolutely nuts.
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.
AMD’s Wild Afternoon
It’s nice not to care. That’s the first thing I’ll say.
I’ll explain in a moment but take a look at AMD after hours. It came out with earnings and immediately plunged. For some reason, based on the same data, it decided to do a hard U-Turn and went roaring higher. Even as I typed these words, it zipped higher still. You can imagine the emotions pulsing through AMD traders right now, particularly when the stock went from collapsing to exploding to lifetime highs in a matter of minutes.
AI’s Dam Begins to Crack
Let’s start with two related and relevant items.
First, during my tastylive show yesterday, I made two important statements: first, that I’d really appreciate it if the market gods could create a failed bullish breakout with NVDA, and second, that the AI Bubble’s failure would absolutely dwarf what we saw in the so-called great financial crisis. I’ve linked the specific piece of the video where I made the first remark:
I’m Calling It
The semiconductor mega-rally is over. I’ve bought July $500 puts against SMH and have, in a different account, shorted SMH. This has gone CAR-level of silly.
Unprecedented Semis
Here is yet another historic milestone in a market packed with them: for the first time in history, the semiconductor index went up seventeen days in a row. Can you imagine what kind of emergency federal actions would be taking place if it had been DOWN seventeen days in a row? But up? No problem!
