I was stunned to see this article when I first got up this morning:
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.
Yield Curves, 2yr Yield, SPX (and a Crack Up Boom?)
Elfin Ears Approaches
Well, it only happens four times a year, so we might as well brace ourselves. It’s the king of charlatans, Jerome Powell, who will announce absolutely nothing and discuss it at great length to a waiting world. I am at the moment working hard on more SlopeRules improvements (I am fully positioned, so no need to be in front of a trading screen). See you after the dust settles with the nimrod.
Watch the Bonds
Since worldwide equity markets have long since dispatched the importance of silliness like products, revenues, earnings, and growth – – all in favor of the endless largesse of fiat-printing central banks – – all eyes were on Mario Draghi this morning (which, if you’ve seen the man’s face, is unfortunate for all observers).
To the delight of equity bulls, Draghi is the same amoral, spineless bureaucratic creep that Jerome Powell is, so he has once again grabbed his ankles and went Full Dove. ES and NQ markets vaulted green, with the NQ in particular soaring a full 50 points above its overnight low. As of this immediate moment, ES and NQ have returned to red. I find this fascinating, similar to the way in which Trump’s declaration last night that (groan) Trade Talks Are Going Well was meant with a worldwide eye-roll.
(more…)Past-Tints
Reflecting back on my “Four Tints” from early this morning, I had pointed out this bullish setup:
