As you probably are aware, starting today the remainder of this week is pretty much a wash as we are being graced with consecutive Fed, ECB, or BOE policy updates. Which of course means choppy tape and intra-day volatility all the way through mid Friday. Oh joy.
Okay this is going to be a bit of an angry post but if you humor me for a moment I promise that your take away will be a few giggles plus maybe a valuable epiphany serving you well for the remainder of your existence on this mortal coil.
And this not just for when it comes to trading the financial markets, but in your private sphere as well. So do I have your full and undivided attention? Then read on:
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: