The immediate reaction to this morning’s CPI from some, shall we say, more bullish-inclined Slopers was not surprising. I personally wish I had had the balls to say out loud my “today will be the Reverse Rolo Day” prediction, but I didn’t. Shame on me. In any case, the repulsion from the trendline on the /ES was a thing of radiant beauty. I can only drop to my knees and ask heavenly father that we’ve nailed a top today and this Fed Pivot horseshit can finally exit stage left. It’s dreadfully tiresome.
Oh, and unrelated, could someone please put WeWork out of its misery? It basically goes down a couple of pennies a day, resolutely working its way toward $0.00. The Neumann mega-fraud is a laughingstock, and if the NYSE isn’t too afraid of the vermin, it will follow its own rules and delist this piece of crap in a couple of weeks.
LATE BREAKING IMPORTANT NOTE – – something is messed up (badly) with comments entry. I’m aware of this and we’ll make it our top priority to fix it. Hang in there, folks.
