This post pertains to the actions of this alleged human:
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.
Fed Spread Red
A few days ago, I read a premium article over on ZeroHedge which went into great detail as to why the three components of what I call the Fed Spread – – most in particularly, the balance sheet – – which render all the Q.T. the Fed is doing moot. In other words, by their arguments, the market was going to roar higher this year anyway. I confess, I felt pretty empty-headed reading the article, because it didn’t really sink in, although it was enough to strike fear into this bear’s heart.
I was reminded of this just now, since it looks like our predictor of near-term S&P prices enjoyed a rise. It’s still beneath present price levels, but the gap is definitely getting smaller. Here are the three individual elements:
Bang! Bang! Powell! Powell!
Everyone was on the edge of their seats for the Powell speech, and it turns out to be a complete nothing-burger, as is so often the case. He basically wanted to get across they are apolitical and are fighting inflation. Yep. 23,000 employees (I am serious) under the Federal Reserve to do just that. Anyway, as of now (pre-market) there is a modest sigh of relief going on, as the negative numbers on futures get smaller.
The Dottiest Plot
Because the FOMC has such a spotless record for predicting everything:
