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.
Good morning again, everyone. I wanted to use the ruse of a market update as a way to sneak in an apology. As for the update, weirdly, my portfolio is actually doing all right. Incredibly, within minutes of the opening bell, the /NQ went red. I have closed nothing. So maybe even fake inflation data isn’t enough anymore. Today’s going to be dicey.
In the most predictable event of the week, the PCE inflation numbers computed by the government have come out, and, surprise, surprise, they’re lower than expected. We are now expected to believe that inflation is 2.4%. Yep.
In turn, everything has turned green. It’s the same logic that’s driven the rally for all of 2024:
Cooling Inflation —> Powell Cuts Rates —> Dow Should be at 50,000
(more…)The brokerage Robinhood (HOOD) continues to inch higher. This has been an impressive and sustained run.
