Latest: How F***ed Are Markets?
"A weaker print will bring back stagflationary fears, which is risk-negative. A hotter print will see Equities reacting to bond yields, where inflation concerns could drive yields higher along with bond vol, which would be equity negative." - JPM
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Reiterates that central to any agreement would be that Iran "can't have a nuclear weapon."
Short gamma, passive fund inflows, billions in retail orderflow, lock ups, massive index selling, blackouts, and much more... oh and the roadshow presentation: here is all you need to know about how to trade the world's biggest IPO...
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"S&P DJI determined that exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization"
It was probably not the best idea to reanimate the communist Red Calendar or declare gays as idols to be worshiped for their “virtue”...
"Recently, certain New Zealand members of parliament, disregarding China’s serious concerns and firm opposition, wilfully paid a visit to China’s Taiwan region, violating the one-China principle and interfering in China’s internal affairs."
...Tech wreck trumps Tehran truce hopes... 0-DTE put-sellers dominate the dip-buyers...
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Newly released satellite imagery shows China testing another unconventional submarine design, this time featuring a streamlined sail-free hull.
"Free enterprise is tougher to sell, but that’s what’s made our country great," the president said...
“Our nation’s laws prohibiting doing business with one of the world’s largest state sponsors of terrorism must be enforced and obeyed.”
Viral videos show coordinated groups in waders and headlamps vanishing into manholes...
Kash says arrests are coming?
The inquiry will include major manufacturers such as PepsiCo.
Establishment journalists are desperate to understand why men are ignoring modern women and progressive modernity in general...but they don't want to hear the real answer...
Viral videos led to the latest investigation of DEI initiatives at the public university, DOJ officials said.
"...enable societal structures and alignment research to keep up with the advance of the technology."
"The construction of a data center typically brings significant immediate economic stimulus to the host community..."
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The test scores didn't fall because of TikTok. They fell because millions of kids spent two years at home on screens, isolated from the teachers and classrooms Weingarten claims to champion...
The vast profits expected from the boom in AI spending is fomenting a surge in equity leverage... adds further to the potential fragility of the rally...
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The semis trade has become one of the most crowded trades on the planet. Momentum remains powerful, but with the SOX/MAG ratio going parabolic and volatility hitting extreme levels, the risk-reward is starting to look less one-sided than it did a few months ago.
Nobody wants boring mega-cap tech anymore. Everybody wants semis, but several indicators suggest the SOX versus MAG relationship is becoming increasingly stretched. The SOX/MAG ratio has gone vertical, while roughly 85% of AI ecosystem revenues still come from spending within the ecosystem itself.
Bitcoin is getting smoked. Momentum has collapsed to some of the most washed-out levels seen in years as price tests the massive $60k make-or-break support zone, while a striking divergence versus the dollar and signs of speculative exhaustion in Korea suggest the next big move could be approaching.
The market remains fixated on AI, but the macro backdrop is becoming less supportive. Treasury yields are bouncing, oil is pushing higher, and Japan-related rate pressures are re-emerging just as equities appear increasingly comfortable ignoring them.
Rates are reawakening. While the market remains obsessed with AI and momentum, oil is rising, Treasury yields are bouncing, and intervention risks in Japan could add further pressure to global rates. Equities are ignoring it for now, but history suggests higher yields tend to matter eventually.
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