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.

FOMC at Center Stage

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Below are the Opening Notes and Bond Market segments from last Sunday’s edition of Notes From the Rabbit Hole, NFTRH 530. Jerome Powell was actually more firm than I expected. Atta boy Jay! Aside from my prognostication the more important stuff (IMO) begins at the 4th paragraph. That is where I put on my tin foil hat and tell what I think. It does seem to dovetail with what we saw today out of the Fed chief.

Opening Notes: FOMC at Center Stage

It is likely that the Fed is going to raise the Funds rate on Wednesday because this is a confidence game and a Fed suddenly showing weakness and doubt could exacerbate the market’s already frayed nerves. As a side note the 76% reading of CME futures traders expecting the hike to happen has not changed in the last few weeks.


A Really Bad Day

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No, not for me. I’m doing just fine. I’m talking about THIS guy (click the image to see it larger…………duh.):

For those unacquainted with WSB parlance, an “FD” is a “Faggot’s Delite.” (Hey, it isn’t my term; I’m just telling you the truth). This is the puerile way they describe very high-risk weekly options.

It seems to me the guy basically raised a million bucks from friends and family and decided to go “all in” on Micron technology calls. Incredibly, he has embraced the “it’s not a loss unless you sell” insanity.

I’ll just save you all the suspense and tell you this guy is utterly screwed.