In honor of Powell doing yet another 60 Minutes spot tonight, here is as chart of the SPY fund and the total assets held by the darlings at the Federal Reserve. The correlation has changed tremendously over time, but it’s pretty clear equities have “caught up” nicely with the trillions of dollars of Fed Bux.
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.
Something different this Sunday: here are ten interesting long-term continuous commodity/futures charts I’ve selected for your perusal:(more…)
I am planning, once we get Tiles rock solid, to make it everyone’s home page. If you’d rather not have that, and instead like the “table” style home page you get now, please bookmark the URL you like as your home page explicitly so it can remain your Slope home page. We are spending virtually all our development on Tiles right now, since I want it to be the main junction of the site’s content.
Well, folks, it’s time to check the
results of the latest election for Premiere of the Soviet Union major market indexes and see what’s what. I’d say at this point, the entire globe is covered with bear carcasses, and I see no logical reason left why the market should go do again. Ever. Because if you throw $120 billion of cash every month at this thing, why shouldn’t Dow 100,000 be just around the corner? Seriously.
So we start with the Dow Jones Composite which has blown past any boundary of its wedge and, like almost everything else, is simply celebrating each new weekday with a price level never witnessed in human history.(more…)