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.
There is a ton to talk about, most especially the fact that the PPI came in super-white-hot and yet the market seemed to care for about three seconds. It’s actually jaw-dropping that PPI is VERY hot and people are shrugging their shoulders. however, I’m going to set that aside and point out the collectively insanity going on in meme-land, like it’s early 2021 all over again. Here we have Gamestop, blasting 400% higher in the span of just over one trading day.
The increase in the VIX value took weeks, but in the past three trading sessiosn, most of that lift is alrady gone. The interesting thing about this from a chart perspective is that the price bars are behaving like a normal financial instrument, and “support” for the $VIX should be found right about where we are just above the green tint.
It was only a few weeks ago that the asset markets were at the highest levels in the history of the universe. We have recently seen a tiny bit of slippage in the form of a few percent here and a few percent there, but that little paper cut is enough to make this the top story over on /wallstreetbets:
