Binary Events

Markets hedge uncertainty and hedge buying sends the VIX index higher. Some future events can hold significant impacts on markets and these include economic reports, Fed rate decisions, elections, and so on. Most binary events produce a noticeable divergence in the SPX-VIX relationship where VIX either holds steady as SPX rises, or VIX rises more […]

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All Time Lows

UVXY’s long term chart makes one thing obvious, that there is no ‘bottom’. In its design to express a levered return for volatility spikes coupled with the mean reverting nature of volatility itself, lies a construction that devastates a buy and hold (or buy and wait) approach. This means a never ending procession of lower

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