I was stopped out of half my $SPY short yesterday and the remaining half this morning (low single-digit loss). Adding some names on the long side today. Hopefully this isn't a head fake. We may finally get a tradable rally, but I'm still mindful of the powerful seasonal and cyclical headwinds as we move into September, particularly if the 10-year Treasury yield breaks convincingly above 5%. Short term, Oil and Iran are causing volatility. Fortunately, there are still quality stocks in buyable position coming out of constructive bases. So, in the meantime, we bend with the market.
https://t.co/JXzFFTmMtn
THIS HAS TO BE THE STORY OF 2026
Ken Griffin’s Citadel was pushing surprise-rate-hike fears just days before the AI trade collapsed and forced 4x-levered Leopold Aschenbrenner's Situational Awareness to unload its book near the lows.
Citadel then reportedly bought most of those assets at significantly lower prices knowing that if sentiment deteriorated enough the fund could be forced to sell which makes the entire sequence look absolutely ruthless.
This is why the stock market is the greatest game on Earth.