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.

Peter Sellers

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Maybe it’s my imagination – – or, better yet, maybe one day I should just analyze it scientifically – – but doesn’t it seem every FOMC week is the same? Specifically:

  1. Day by day, the market creeps up higher as Powell approaches;
  2. The bastards at the Fed do their stupid announcement, and the market lurches a bit, but gets on its feet and really starts climbing;
  3. Powell answers softball questions (or ducks hard ones), and the market by and large holds strong right until the close.
  4. The next night, the world realizes the man doesn’t know what the hell he’s doing, and it sells off.

Indeed, the Russell (/RTY) got terrifyingly close to a breakout yesterday (circle) but retreated.