One of the richest beneficiaries of AI Fever (and, I must say, a beautiful rounded bottom to precede the explosive move higher).
![](https://slopeofhope.com/wp-content/uploads/2023/07/smci-640x494.png)
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.
Long-time readers may recall that, as a child, I was indoctrinated by a fiercely anti-union household. As I’ve related in the past, the worst scolding I could get from my mother if, for instance, I did a poor job making my bed, was “Union Worker!” (I don’t think many 7 year olds experienced this). In any event, I’ve certainly been steeped in the notion that strikes are for bums, so I found this chart quite interesting, particularly since it harkens back to my childhood when the prospect of even my elementary school teachers picketing (which they did once) was quite real.
Bonds have been range-bound since mid-November. That’s nine full months of meandering in this sinewave. I’d keep a close eye on that lower boundary. Break it, and Even Higher Interest Rates are clearly being signaled, thanks to Yellen’s tremendously generous gift to her banking friends in mid-March.