VolMachine

Leverage is a volatility machine (paraphrasing Pettis). HY/IG/Loans/Distressed.

[VolMachine @VolMachine]

To make money in 2026, it’d help to be slightly stupid and oblivious. HFs like to think they’d crush it in these types of environments, but they’re more liable to be whipsawed. Sleepy LOs will outperform them year end.

[Bryan Johnson @bryan_johnson]

never waste a good crisis

[Angleton’s Orchids @AngletonOrchids]

“I’ve done exactly as you’ve instructed, my liege. The rise of the worms is at hand!”

[VolMachine @VolMachine]

But these are all hypotheticals for now. Job market remains in an equilibrium, and there’s some argument to made that it’s reaccelerating.

https://t.co/KUsBTdfpUZ

[VolMachine @VolMachine]

“The share of unemployed workers who have been out of work for 27 weeks or more rose to 27.5% in May, up from 20.4% a year ago and well-above pre-pandemic norms.”

Market is in an unstable equilibrium. https://t.co/4rjMU1blCn

[VolMachine @VolMachine]

The corollary is also true. If a shock arrives and we do break down, we will have a jobless market recovery that people will endlessly fade.

[Matthew Zeitlin @MattZeitlin]

yeah boss i'm going to need to be sent to maine for about two weeks to really get to the bottom of this platner situation, need to pick up his trail in bar harbor, see if he did anything in acadia, check out camden, rockport, swing down to kennebunkport

[Walter Deemer @WalterDeemer]

They've both been filled.

[VolMachine @VolMachine]

These are very biased testimonies, but what’s the likelihood that the state legislators and federal administration just sits pat and doesn’t respond in a way that overreaches?

[U.S. Department of Energy @ENERGY]

A hot new bombshell has entered the villa ✨

[VolMachine @VolMachine]

summer will be noisy

[VolMachine @VolMachine]

This from almost a month ago is holding well so far. Iran is long vol, US is running out of time and has to surrender. What that means for us is another episode of vol crush in the near term, while medium term risk continues to build.

[VolMachine @VolMachine]

Wow

[First Squawk @FirstSquawk]

TRUMP: COULD HAVE BLOCKADE OF IRAN LIFTED BY LABOR DAY

[VolMachine @VolMachine]

“The question PTJ would ask: what’s my defense if this gets disorderly? If you don’t have a clear answer, your size is too big.”

https://t.co/SGBi9oMPWM

[VolMachine @VolMachine]

“…second call escalated as Netanyahu insisted on attacking Hezbollah. Trump, his voice rising with anger, said Netanyahu had to obey because he would be in prison without the White House’s support” https://t.co/xe6BHX33Lh

[Lob Wedge Cap @vader7x]

the market shrinking to 20 stocks and 200 etfs for them.

[VolMachine @VolMachine]

These are plausibly meaningful referral centers for Personal Care Services. Most of TEAPUB’s sales in NY state are believed to be from just this one county. All said and done, it’d be very hard to imagine that this doesn’t have an impact on them.

[Gregory Brew @gbrew24]

Trump in his call to Netanyahu today:

"You're f***ing crazy. You'd be in prison if it weren't for me. I'm saving your ass. Everybody hates you now. Everybody hates Israel because of this." https://t.co/dakcAg1atd

[VolMachine @VolMachine]

Cool

[Department of War CTO @DoWCTO]

GM. Trust the plan. 🇺🇸

[VolMachine @VolMachine]

Perfect note title by the perfect shop for a name that’s probably a zero in a few years

[Mayor Zohran Kwame Mamdani @NYCMayor]

New York City, we have no excuse to be bored this summer. The map at https://t.co/Wt1RgEfgey is full of free and affordable stuff to do -- sports, music, arts, movies, video games and more -- in every borough.

The city is your backyard. Get out there and enjoy it.