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.
Earnings season is in full swing now, with a bunch of banks reporting pre-market today. Many of them were weak, such as Morgan Stanley (below) whose early action was described by ZH as “…slides as sales & trading disappoint.” Well, the “disappointment” was only felt by the bears, as every single bank (for no particular reason at all) rocketed higher at the opening bell and never looked back.
I wish it had sunk through my thick skull on Oscar night in mid-March, but it’s screamingly clear now that the horrific distortion which has taken place in stocks isn’t due to Cathie Wood, Jim Cramer, or Artificial Intelligence. It all has to do with the latest handout to billionaires from the government in the form of the BTFP. You can plainly see in this layered chart that the moment that witch Yellen threw over $100 billion (yes, $100 billion, and climbing constantly) at the market, she made every bull ecstatic. It’s pretty much tick-for-tick.
