Slope of Hope Blog Posts

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.

Tomorrow’s CPI Theatre

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The psychic scars from October 13, 2022 (the Rolo Bottom, as I call it) will never fully heal. For a full six months now, the entire market has been lifted on a brief and simple notion: inflation is weakening, thus the Fed will pivot, thus the market will roar to new lifetime highs just like the good old days.

Before we get to that, here is inflation going back for over a century The last deflationary period was a century ago, and ever since then, the government has vomited up cash with abandon, crushing buying power without interruption.

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The Quarter Wraps

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Here we are, folks. It’s the end of the week, the end of the month, and the end of the first quarter of 2023. As you well know, the big event today was the Core PCE Price Index, which is the Fed’s go-to guide in order to determine how the politburo will attempt to control the economy. Well, the results are out, and it’s a dream-come-true for the bulls. Not only did the number come in ice-cold (0.3% versus the 0.4% forecast) but the prior month’s number was revised DOWNWARD.

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