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.

Liquidity Look-See

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As we await the new trading week (completed with an FOMC on Wednesday), let’s look at the latest liquidity-related charts. We start with the just-closed-this-week BTFP program by that scum-sucker Janet Yellen. These “loans” are supposed to be paid back in a year’s time. Uh-huh. Anyway, at least it won’t grow anymore. That is, until the old biddy decides to start it up afresh.

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PREMIUM: Never-Ending Liquidity

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by Silver Singularity


Hi Slopers, time for another post and, boy, what a year so far!

Where to start? Well, NVDA I guess! What happened with that stock is the most mind-blowing thing I have ever seen so far, and I’ve been trading since 2012, even TSLA in 2021 wasn’t even close to being as impressive as this one.

The only thing I can recall that felt the same was Bitcoin in 2017 and 2021 but even if crypto is behaving like a risk-on asset it’s just not comparable to stocks IMO.

For some perspective about how strong that mania has become, at $973 on Friday NVDA was up 97% and a whopping $1.2T (almost) in market cap added YTD.

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Liquidity Trio

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Let’s look at the latest from the Fed. Here we see the BTFP program, which shutters its doors in just a little more than a week. What a different a year has made, huh? The banks gobbled up hundreds of billions of dollars of free money, and they only stopped when the Fed FINALLY stopped paying them above-market interest rates (that is to say, free money). That’s why we’ve flat-lined for the past few weeks. Anyway, please note that the BTFP closure doesn’t mean they all pay their money back. It merely means they can’t ask for even-more-hundreds-of-billions anymore, at least until the next government creation.

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