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.
What a difference a day makes! Yesterday (that is, Wednesday) the market went straight up all day long, without a single downtick, and the reason was………..
So………an investment bank, which has every reason in the world for stocks to go UP, told the world to BUY stocks because of a “whisper number” they made up, since the number in question wouldn’t be distributed until the next morning. Yet this nation, saturated as it is with Philistine pig-ignorance, gobbled it up like mad.
3 month T-bill yield is demanding the Fed raise the Funds rate
And the Fed is listening.
Yesterday I made a sarcasm-tinged post about the parade of Fed jawbones in the media and the coordinated and thus comical desperation they seem to exhibit. The stern message is that the Fed Funds rate could be raised at any time (which is possible even before the next FOMC meeting on March 16, in my opinion).