$QQQ now down ~3.5% and $SOXL down ~24%.. so the levered ETF rebalance dynamic is becoming very real here.
McElligott has been warning that levered ETF is heavily crowded in Tech / AI / Semis / Mag7. These products were forced buyers on the way up, but on a sharp down day they flip into forced sellers as they reset leverage back to target at the close.
That is the synthetic negative gamma dynamic.. lower spot creates more forced selling.
this is why all your multiplanetary human civs are going to have a big issue
Human beings, are an extremely fragile form of life outside of our little water ball we inhabit.
for those of you who are dense, Space is a vacuum devoid of EVERY TYPE OF RESOURCE WE REQUIRE TO EXIST
New Market Misfits epi is LIVE
AI euphoria.
Crowded trades.
SpaceX IPO speculation.
@WallStJesus joins @JoeyGEX@FedRateUnch to break down one of the most crowded market environments we've seen in years.
Available on all podcast platforms.
Youtube 👇
https://t.co/zf5WejzWHp
Wow. 1,000 University of California professors signed an open letter to the Board of Regents demanding they bring back standardized testing after it was removed during covid for equity.
They reveal that many STEM students are BELOW Middle School level in Math!
“The SAT mathematics requirement is not an obstacle to equity; rather, it is a prerequisite for it. Failing to measure preparation gaps does not remove barriers; it moves them into the classroom, where they become harder to overcome.”
Whatever America is or will be, it’s not the country of 1976, and certainly not of 1776. The patriotic blood has turned from red to green. This land is an economic zone for third worldists to loot while bankers print to fund the fraud while skimming all the way up and down.