Max Hornblower

Data Scientist @ Revere Asset Management. I build the tools behind the desk. Code + charts.

[Revere Asset Management @RevereAsset]

REVERE DAILY MARKET INSIGHT VIDEO (9-23-2026):

BY @Jacksonneidich

RED DAY, BUT LEADERS OK DESPITE MACRO HEADWINDS

LIKES & RETWEETS ARE APPRECIATED

$AMD $HPE $OKTA $P $MXL $SMTC

[Max Hornblower @MaxHornblower]

While re-reading Atomic Habits by @JamesClear my first thought is:

“What can I implement to make 1% improvements everyday?”

As humans we totally forget the other side of the coin. The real question should be:

“What bad habits are causing 1% deterioration in my life?”

Love this book. It’s a must read every single year.

[Max Hornblower @MaxHornblower]

Always a great read

@JamesClear

[Max Hornblower @MaxHornblower]

@capitalflows @Hedgeye @grok Wow

[Max Hornblower @MaxHornblower]

@xchaotic @awealthofcs I was just a wee lad in 2008

[Max Hornblower @MaxHornblower]

Method: 60-day correlation of daily returns, S&P 500 vs Vanguard Long-Term Treasury fund (VUSTX), 1986 to Sept 21, 2026. Now: +0.48 ($SPY vs $TLT: +0.41).

Down days: bonds fell on 19 of the S&P's 34 down days in the last 63 sessions.

Data: Yahoo Finance

[Max Hornblower @MaxHornblower]

Bonds stopped hedging stocks.

When the S&P 500 fell over the last 3 months, long Treasuries fell too 56% of the time.
2010s: 28%.
July 29: S&P -1.5%. Long bonds -1.4%.

Stock/bond correlation peaked at +0.64 in June, the highest since the '90s.

The 60/40 hedge isn't hedging.

[Max Hornblower @MaxHornblower]

How it's measured: daily returns of the 9 original sector SPDRs ($XLK $XLF $XLE $XLV $XLY $XLP $XLI $XLB $XLU), 60-day rolling correlation for all 36 pairs, averaged.

The record also holds on 40- and 120-day windows.

Data: Yahoo Finance

[Max Hornblower @MaxHornblower]

$SPY is 0.8% from a record.

Its sectors are the most out of sync on record.

Avg 60-day correlation, S&P sector ETFs:
March 2020: 0.92
Sept 2000: 0.085
Last week: 0.077 ← lowest since 1998

One index. Nine different markets.

[Max Hornblower @MaxHornblower]

@Tradestl “Don’t forget to give your kids a good day, while working hard to give them a good life”

[NIK @ns123abc]

🚨 TREASURY SECRETARY BESSENT JUST NUKED ANTHROPIC & OPENAI’S “ROGUE AI” IMMUNITY SCAM ON LIVE TV

"A sitting employee came out, said there's a 10% chance of an extinction level event. But then the labs also said, take the liability off of our hands. And we will NOT do that.

The Hugging Face incident is the responsibility of OpenAI management, NOT a bunch of agents.

It is humans who are responsible, not the AI.

These labs need to take responsibility for themselves. They can slow down any time they want to."

CHECKED.

[Citrini @citrini]

Sell Rosh Hashanah, buy Yom Kippur undefeated

[Max Hornblower @MaxHornblower]

@chhsetrades You can be crazy and correct!

[Max Hornblower @MaxHornblower]

Names on my radar:

$AAOI $AMAT $AMD $AMGN $AXTI $BE $BIIB $CIEN $CNC $COHR $COO $CSX $DELL $DOCN
$EIX $GH $ILMN $INTC $JBHT $JNJ $LITE $LLY $LRCX $MKSI $MRK $MRNA $MRVL $MU
$ONTO $PBF $ROST $RVMD blockstack:native $STZ $TER $TGT $TSEM $TWST $UNP $UPS $VRTX $WDC

"Don't touch the computers" - Jim Simons

[Max Hornblower @MaxHornblower]

@RichardMoglen Thanks Richard!

[Max Hornblower @MaxHornblower]

Bullish!

[Max Hornblower @MaxHornblower]

@Jacksonneidich

[Max Hornblower @MaxHornblower]

@itmrandy Thank you Randy!