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.

A ‘Goldilocks Market’ Arrives

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Post-FOMC, a ‘Goldilocks market’ is developing and an unbiased view is called for

Markets were apparently surprised by the hawkishness of the maiden voyage of the Warsh FOMC. Pre-FOMC we noted the following (per NFTRH 919 on June 14th):

Text discussing the upcoming FOMC meeting, current funds rate expectations, and projections for interest rate changes.

Warsh was even firmer than anticipated. But the net result is the same. The new Fed head indicates he is serious about inflation, and with the public’s inflation expectations recently ramping that is not a surprise. CME Group was surprised as usual but immediately got busy pulling in its rate hike expectations after FOMC.

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Key Price Gaps

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I cannot overstate my relief that the SPCX insanity is in the history books now. I will not miss the three hundred articles per day about how to participate in the IPO. Not to say that people won’t watch every tick for the next couple of weeks, but – – let’s put it this way – – we won’t be stopping any more wars for an IPO for a few months. In the meanwhile, here are some crucial price levels (some of which are gaps, and some of which are proximal to gaps) to watch:

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