In a couple of hours, Mr. Powell is going to ride off into the sunset. He’s a lucky man. The next chair is going to have to contend with a complete shitshow as bonds plunge and interest rates rocket higher, against all the wishes of the administration.
The TLT, shown below, has been grinding away for years, but it’s clearly an ill beast.
The saga in April for Avis Budget (CAR) has got to be one of the dumbest financial events of all time.
Here’s an item I shorted a couple of days ago to good effect: Pony AI, a company that’s never seen a penny of profit and has spent almost its entire existence as a public entity hammering out a huge head and shoulders pattern.
Here we are, folks. The biggest earnings day of the quarter and the last FOMC meeting of Jerome Hayden Powell. The next twenty-four hours could be wild. Here, as featured on Slope’s own earnings calendar page, are the monsters reporting after the close.
Considering that this market is priced for perfection, they’d all better hit the ball right out of the park.
