Postcards: Stagflation and the Death of Money

Americans are no longer worried about a mouse eating away at their cheese. They're worried about the beast devouring the life savings as monetary inflation accelerates.

Market Update: We witnessed a rather large pop in the VIX earlier today, but volatility remains very muted as we move deeper into May. Overall, we’re keeping a close eye on Occidental (OXY), which is starting to creep into Warren Buffett’s Buy Zone. We may move to sell another spread down at the $55-$57.50 level, as OXY is in a negative momentum channel and is moving into oversold territory.