This morning was, of course, the jobs report, and the expected unemployment rate was 19.1%, with some estimates as high as 27%. Nope! It came in at 13%, and everyone’s jaws hit the floor as millions of jobs were actually added.
Jobs Shocker
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.
Quiet Riot
As I was under house arrest all through the night (as are all the residents of my pleasant burgh for a ten day stretch), the market kept doing what it does best: go up based on endless stimulus from Fed-bux from thin air. This is what small caps have done since the open on Sunday, under the cloud of national unrest and near-martial law.
Grindstone
There are plenty of good candidates, but allow me to offer as the Poster Child of this insane 10-week run-up a stock known as Restoration Hardware:
Behind the Curtain
We all have to confess, Powell is large and in charge. His takeover of the corporate bond market, and the Fed’s willingness to buy instruments like those shown below in unlimited quantities, is working its magic. It’s appalling. It’s galling. But it’s working.
Posse Galore
Wait, wait, guys, when I sent this out last night……..
….I was just trying to get a few laughs. I wasn’t serious.
