I remain cheerfully long bonds via TLT. Rates, I believe, are going to keep sinking.
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.
ZIRP Gains More Attention
We have been talking about how there had been no bubble in US stocks and how the economy is doing just fine. We have also been talking about how the bubble is in policy and that the economy and stock bull market have been created – yes, like Frankenstein’s monster once again – out of this policy bubble.
Enter economist Joseph LaVorgna of Deutche Bank… Fed needs to start raising rates, top forecaster says.
Will wonders never cease? As you may know, I read the financial MSM to get a feel for what the casual market participant is reading, what the majority is being told is the truth. Usually it is some combo of self-promoters and agenda (sometimes political) driven bulls and bears. (more…)
Distant Drums
SPX confirmed the rising support support trendline from the 1862 low area yesterday morning and then broke down through it. A little double bottom setup developed yesterday afternoon that suggested a possible retest of the highs, but the overnight action has not been promising for that playing out. SPX 15min chart:
Interest Rates About to Tumble?
Judging from the shape of this pattern, I’d say bond bulls are going to be celebrating in the weeks ahead, as interest rates are poised to push lower (against everyone’s expectations).
