Here we are, folks. The biggest earnings day of the quarter and the last FOMC meeting of Jerome Hayden Powell. The next twenty-four hours could be wild. Here, as featured on Slope’s own earnings calendar page, are the monsters reporting after the close.
Considering that this market is priced for perfection, they’d all better hit the ball right out of the park.
My Bitcoin short got another scare last night with yet another inexplicable rally, but that seems to be faltering, as God intended.
The simple fact is that by any rational metric, the market is more overvalued than at any time in humanity’s saga. The Buffett Indicator, shown below, is at values which totally overshadow the highest points of the Internet Bubble or the Housing Bubble. We are living in the bubble-ist of bubbles, which might explain why I have 36 short positions and 0 long ones.
Keep a close eye on the /NQ over the next twenty-four hours. We’ll see if all the tech companies can actually keep this joke going or not. Good luck!
