Moody’s: “Ratings desk, can I help you?”
Caller: “Yeah, he’s out.”
Moody’s: “Who’s out?”
Caller: “Knight. He’s dumped his IWM puts and has lightened way up.”
Moody’s: “Got it. Thanks. We’ll take it from here.”
(more…)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.
Moody’s: “Ratings desk, can I help you?”
Caller: “Yeah, he’s out.”
Moody’s: “Who’s out?”
Caller: “Knight. He’s dumped his IWM puts and has lightened way up.”
Moody’s: “Got it. Thanks. We’ll take it from here.”
(more…)
Well, well, well. Precisely as I predicted (which was a ridiculously easy prediction), Bessent has reported Nothing But Good News from his weekend tete-a-tete with China. Seriously, what else is going to say? That there’s no way in hell he’d ever want to cut a deal with these scoundrels? Of course not. It’s all going to be peaches and cream. Thus:

It is truly remarkable how little land in the western U.S. is privately owned, even these days.
