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.
Well, that was a non-event. The Fed’s favorite inflation data came out, and the previous data matched the forecast matched the actual number. Zero point two percent across the board. Because, ya know, inflation is only 2.4% a year. You can see it in the bills you pay. You betcha.
The 24 hours following the report were mighty odd. Last night, some folks were plausibly anticipating a market wipeout on Thursday. On the contrary, the NQ was up triple digits and every single stock futures market was bright green. That didn’t last all day, however, and by day’s end, it was pretty clear the bloom was off the Semiconductor rose.
The past twenty-four hours were a comic example of the “Ramp & Camp” markets which are so annoying. We shot up quickly yesterday and then spent about 17 hours just sitting in a ridiculously tiny range, waiting for the all-important CPI report. Well, it’s finally here, and in contrast to yesterday’s PPI, today’s numbers were aligned perfectly with the anticipated target.
