Kalshi x Jose Alvarado Finals Ticket Giveaway π¨
WIN TICKETS TO GAMES 3 & 4 AT MSG!
To enter:
1. Like + Retweet this post
2. Follow @KalshiSports
Winners announced June 5th. Good Luck!
Approximate implied move for Monday:
$SPY +/- 11 points or 1.7% either way.
$QQQ +/- 10 points or 1.8% either way.
Gonna be another wild weekend full of monitoring the situation. Lol
π¨ Is this the beginning of a repeat of Lehman Bros 2008?
UBS just halted withdrawals of a $469 million real estate fund and told investors they can't have their money back for up to 3 years.
Why does this matter? Back in June of 2007, Bear Stearns did the same thing at two of their hedge funds. One year later, Lehman Brothers collapsed and the global financial crisis happened.
UBS looked at their real estate portfolio, realized the buildings are not worth what they paid for them and they cannot sell them without admitting HUGE losses.
Commercial real estate office vacancies are at record highs. Buildings are worth a fraction of what they were. Everyone has been trying to avoid marking their portfolios down to actual current value. But they cannot ignore it any longer.
#Bitcoin If you're an equities bear, crypto starting to participate again to the downside is what you want to see as it was initially the leader previously.
If this bear flag did break down, the November 2022 pivot VWAP is currently around $57,500.
$BTCUSD
genuinely feel bad for the guy longing oil thinking it will go up just because 20% of the worlds oil supply has been shut off for a month and every oil refinery in the middle east is on fire due to an escalating war with no end in sight