See You On the Other Side…….
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.
Les Yeux Sans Visage
Since today is one of the eight scheduled FOMC events, I thought I’d fire up the Event Markers feature in SlopeCharts and see how this year’s meetings have done with respect to affecting the market. Well, it’s a mixed bag. I think it has a lot more to do with context than it does with the FOMC actually moving the market. I think the only think we can observe from this small sample set is that the post-FOMC move lasts about 7-10 days before reversing.
Powell’s Tiny Dump
After decades of spraying equity bulls with trillions of dollars of “accommodation“, the Federal Reserve is meekly and timidly trying to take away a teeny, tiny, itty-bitty morsel of the corporate welfare without trying to piss off their billionaire masters too badly. Below is shown the chart of the securities (if one dare use that term) that the Fed has purchased outright.
Reverse Repo Heads to Stratosphere
And with that, my friends, I’m going to head into my FOMC Bunker. See you after the close! Final pre-FOMC positioning:
- 40% cash;
- 25 bearish positions;
- God’s everlasting love for his favorite bear
Dual Manscape
Good morning, everyone., Well, today’s the big day. And I do mean BIG day! It’s a damned shame we all have to slavishly react to whatever the financial politburo utters, but there we have it.
I want to thank everyone for their generous suggestions in last night’s “What do I do??” post. The poll results were spread fairly evenly, although the distribution isn’t at all a surprise to me. Suffice it to say I’m strongly inclined to follow your counsel and take on a meaningful long position to act as a salve at the all-too-likely rally.
