Let’s start with this:
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.
Post-Powell Pontification
QE Breakout
Since the nation is only $38 trillion in debt, the Fed figures – – why not MORE quantitative easing? Thus, they’ve announced that they’re going to flood the market with even more liquidity, which has caused the /RTY to finally blast above resistance to lifetime highs. I had bought some $253 IWM puts and sold them for a whopping $300 profit a minute before the announcement. Good thing, too, as they’re getting nuked now.
FOMC Eve
The last FOMC meeting is tomorrow (cue the music to “Eight is Enough”, if anyone can remember it) and the world can fully embrace one of the great Buy the Rumor/Sell the News events of the year. A pointless 25 basis point is on the way, which will be as potent a salve for the economy as wrecking exports for farmers and then handing the same farmers a huge bailout for their trouble. God Bless America.
Equities seem to have stalled out in recent days, as illustrated by the /NQ, which is so laughably bloated and overvalued as to merit astonishment a few years from now when folks look back at these prices.
