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.

Exceptional Economic Energy Elation

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The StealthFlation Blog

Tis the season for exceptional economic greetings.  The entire energy complex and base metals are in a ferocious free fall, whilst the juiced stock market apologists and U.S. exceptionalist pompom wavers are out in force emphatically heralding the new found age of unabashed American consumerism which evidently is about to magically materialize. (more…)

Spanksgiving Week and Beyond

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(First off, to any American readers, I hope you all had a wonderful Thanksgiving season gorgefest and good times with your families.  You will need the energy as we all prepare for the coming onslaught of decorating, carols, and christmas shopping in the coming weeks!)

Now, as I’m sure all are aware, Thanksgiving week was a snoozer for movement.  Despite that fact, market participation is strong across the board (with the exception of commodity-related equities which have been getting smacked around) and are not giving back any serious ground despite elevated levels.  When these conditions persist, they tend to cause shallow, grinding moves in the indices.  Moves like this can carry on for weeks or months.

Here is a chart of the VXV (3-month implied volatility) compared relative to the $VIX (1-month implied volatility).  It creates a ratio with which we can measure what option players are anticipating for the coming month(s).  Click to enlarge. (more…)