Timing & trends
Since we first exposed (and explained) the Black-sh Swan-link nature of the options market’s Skew Index, the mainstream media has lept to various conclusions (from ignore it, like everything else, to ‘wow’). However, what is crucial to comprehend is that the soaring Skew is occurring at the same time as a collapsing VIX.
And stunningly, what we have seen over the last two days is somewhat unprecedented – VIX has continued to collapse into option expiration (and we know the pattern that occurs after opex)
“The possibility that the Feds may use negative interest rate policy (NRIP) to combat looming deflationary trends is definitely present. Investors cannot afford to be in the dark when the Fed does implement this drastic measure to ward off deflation, and its negative consequences on the economy. Implementation of negative interest rate policy will require investors to shift their focus and consider the implication on their portfolio.”
I know there’s only a week left – but I’ve been watching and I really think I’m getting the hang of this political thing. I’ve even got a first draft of my campaign speech ready – and it goes like this….
{mp3}grant/mikeforpm{/mp3}
CLICK HERE to hear all of Mike’s Daily Comments and Michael Mid-Week interview on the price of ignoring the rising costs government, the flat commodity sector and China consumption….
The indomitable Vancouver and Toronto markets continue to drive housing price gains, evidence of inventory challenges that continue to plague key markets.
“A toxic combination of forces coming our way”
“Recent comments by Fed officials of possibly “going negative” in the US show how desperate the situation has become with growth weakening in the US, a global economy in trouble, and a whole host of geopolitical problems brewing overseas”
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