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.

Pencil-Dick Post-Mortem

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Now that Jerome Hayden Powell has done his eight-times-a-year thing once more, let’s catch up on some important equity indexes. My conclusion is overall the same: he didn’t change a thing.

Look at the Dow Jones Composite. Today’s Powell love-fest, which included his typical donning of his kneepads for the billionaire class, did nothing but produce a red bar. More importantly, it has become a cliché at this point that the days following the FOMC Kabuki theatre are quite weak. Break that horizontal line, and pencil-dick gets a black eye.