hearing whispers that leopold's liquidation caused hedge funds to unwind their physical VIX positions while forcing a large market maker to create multiple gamma voids in the software-hyperscaler basis swap market
could get scary
Nasdaq 100 's 10%+ correction was slow and painful. It took 57 days from ATH. In 12 other cases where correction took over a month, only 2 turned into 20%+ bear markets.
It took only a median of 25 days to bottom. Pain now, pleasure later. $QQQ
🚨NEWS: I’m hearing from multiple industry sources that the White House has agreed on an ethics package for the Clarity Act and sent the language to certain Senate Republicans this afternoon.
It’s still unclear what the details of the agreement are (I’ve reached out for comment), but industry participants are hopeful this could clear the way for updated bill text to be released soon.