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.
Euro 50 Flips Draghi the Bird, S&P 500 Fails at a Key Parameter, Semi’s are Fundamentally Bearish and Gold Has a Sentiment Washout Within its Bear Market
Markets Had Been Obedient, Until Today
Despite Janet Yellen’s protests to the contrary, the 7 year long asset market bailout (ZIRP + QE’s 1, 2 & 3 with a side of Operation Twist) has served to further enrich formerly troubled asset holders and provide a handy wealth effect for regular 401k holders to boot.
It’s great as long as things stay so symmetrical that even a linear-thinking, professionally trained economist can understand it. Indeed, Mario Draghi has been implementing a ‘me too!’ QE plan in Europe in order to more or less ape the success that is the US bond market err, management program. Fed Funds interest rates at zero, pinning T bill yields to the mat and encouraging banks to borrow for free and lend at interest, Quantitative Easing in various forms sanitizing inflation signals and literally painting the macro backdrop as desired. It all seemed so easy, so unquestioned by the market.
I’m going to be lazy and just share with you my Tastytrade episode from today, which expresses precisely what I’d say in a new video in any case. By the way, it’s showing up postage-stamp size for some reason, so please click on the Full Screen icon, as shown below.
On occasion, I’ve posted a short animated gif in the comments section whose origin I didn’t know. It was a strange little bit of movie – – let’s just say it involves a animal/man creature, a wall, and an evidently lustful appetite. Well, with some research, I found the source of this: a 1989 movie called Marquis. I’ve never taken a psychedelic drug before, and having seen a few minutes of this movie, I don’t think I feel the need anymore. If you want to cut to the chase, jump about 26 minutes in. In the meantime, I’m going to try to put together a real post. Enjoy.