Hat tip to President Trump for selecting Jerome Powell as our new chairman of the Federal Reserve. Not because of Mr. Powell’s qualifications, mind you, but his last name! Am I seriously the only financial blogger who is excited about the laundry list of click-baiting word games we’ll be able to squeeze out of this?
In last week’s ‘Tickling The Dragon’s Tail‘ I mused about the possibility of a VIX Buy Signal on the horizon. Which was followed by a sideways session in the S&P 500 with the VIX actually dropping lower. At the same time the VIX:VXV ratio pulled > its upper second standard deviation and all that means that the fun and games are just about to begin this week. Confused? I don’t blame you but as usual the ole’ Mole’s got you covered:
Winter solstice must be near as all the trolls seem to be coming out of the woodwork attempting to make themselves at home and stir up trouble. Which I of course greatly enjoy squashing with my Thor size ban hammer I keep around just for such occasions. But quite frankly we all have much more important things to attend to than to waste time on posers and wave wankers. For ’tis the season of giving and Cool Santa dropped by early this year to deliver a sled full of charting goodies. Let’s get to it:
It’s FOMC day and I’m pretty much going to sit on my hands until all the dust settles. Speaking of which, my real life hands happen to be in bad shape these days. It turns out that punching walls and occasionally people as well as several hundred fist push ups per week combined with constant keyboard usage actually takes a toll on your mitten fillers given enough time. Suffice to say my traumatologist isn’t happy as he had to give me my second course of cortisone for this year after my left middle finger ended up being stuck retracted in the morning.