Thursday, February 23, 2017

The Anti-Christ Trade Is Ending. Badly. What Else?

God help anyone who bought into it...

Circus Clownius only controls 45% of the world's stockpile, so he wants to build that up to prove that once and for all he doesn't have small hands. I feel safer already...

Nevertheless, uranium stocks not impressed by the latest chit chat from the realtor-in-chief:

Today we learned that Gasoline demand (product supplied to retail) keeps plummeting a la recession:

24 week moving average. 2008 demand is circled, black line is average price of unleaded:

Speaking of 2008, the last time gasoline demand imploded was in 2008 when the U.S. deficit rolled over. After all, how better to conceal a recession than with inter-generational theft?


We also learned that volatility reached a new 21 year low, however, as we know volatility by definition is mean-reverting, since trading ranges can only narrow so much...

Nasdaq with Nasdaq VIX:

Reach for junk with VIX:

Oil (red), Rest of world (black) with VIX:

Oil realized Volatility


Hedging. Or not...

Rydex bank assets


In Goldman Sachs, Exxon, and the Anti-Christ We Trust