Not that you need any more evidence of rising interest rates, but take a look at symbol TBT, which is the double-inverse fund based on TLT. In other words, this thing is going to surge as bonds collapse:(more…)
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.
The emerging markets fund (symbol EEM) did a picture-perfect trendline tag yesterday, and it’s tumbled away from that channel nicely. This touch-and-reverse affirms the power of that lower trendline.
This is never going to end, is it?
Well, it looks like Lordstown (symbol RIDE) just got the Nikola Motors treatment. I’ve been mentioning this symbol persistently along with other electric car fanboy stuff like NIO and TSLA. Similar to Nikola, this company is going to come out with an electric truck Real Soon Now, but the boys at Hindenburg Research aren’t buying it. In just the past month, it has lost half its value, which is kind of a typical SPAC whack attack you see these days.