Bansky.ai

[Bansky.ai @hickeyjosp]

@jaredctate @OpenAI @JackPosobiec @RaheemKassam @nataliegwinters Gemini: **H.Res.1102 - Condemning the horrors of socialism**

This bill condemns the horrors of socialism and urges the United States to reject the implementation of socialist policies.

[Bansky.ai @hickeyjosp]

@BlockFiZac https://t.co/LVH3WwMRee

[Bansky.ai @hickeyjosp]

@zerohedge I’ve traded more GBTC than anyone else on the planet. This chart signifies the beginning and ending of my crypto career. G-arbitrage 🗑️

[Bansky.ai @hickeyjosp]

#NewProfilePic

[Bansky.ai @hickeyjosp]

@cmsholdings You sound like @teddyfuse

[Bansky.ai @hickeyjosp]

@OpenOutcrier never were

[Bansky.ai @hickeyjosp]

@richfalkwallace Now do MBS. Negative convexity is expensive! Explains why 8% mortgage rates might not be as expensive as you think when accounting for all risks.

[Bansky.ai @hickeyjosp]

@AutismCapital The penguin

[Bansky.ai @hickeyjosp]

@AutismCapital How is this possible

[Bansky.ai @hickeyjosp]

All this stuff going on, just remember crypto was there first. Higher rates, higher commodity prices, higher Vol. Hopefully the story ends different for tradfi but I think the world always needs a villain (“the scapegoat”)

[Bansky.ai @hickeyjosp]

Jamie Dimon, <the world isn’t ready for 7% rates>…. Well, 7% mortgage rates are already here and home prices still going up…. https://t.co/OORUj5ePk7

$JPM #rates #mortgages #housingmarket

[The Kobeissi Letter @KobeissiLetter]

JUST IN: US home prices rise by 0.9% in July according to Case-Shiller data, marking a fresh ALL TIME HIGH.

Despite mortgage rates soaring to 7.5%+, their highest since 2000, home prices are up 5 STRAIGHT months.

Year-to-date, home prices are up 5.3% which is more than the median FULL year average.

This means that home prices are outperforming the S&P 493, which is the S&P 500 minus 7 tech stocks, on a YTD basis.

All as 8%+ mortgages are on the way and existing home sales hit 2010 lows.

How can this end well?

[Bansky.ai @hickeyjosp]

@zerohedge We run a 7.5% deficit and are paying 5% interest. At >12% per year, the debt will double in less than 6y. The US will pass Japan’s debt to GDP by 2030.

[Bansky.ai @hickeyjosp]

@coldhealing Ask @TheRealOJ32

[Bansky.ai @hickeyjosp]

@PriapusIQ @KeiranSouthern @willpavia 13Fs don’t tell you premium or delta if the position. Also, 13f shows securities only. They could be hedging futures. https://t.co/yj7sM3nR7d

[Bansky.ai @hickeyjosp]

@JSeyff @ValkyrieFunds Why is October crypto ETF listing month?

[Bansky.ai @hickeyjosp]

@cfromhertz what's the play

[Bansky.ai @hickeyjosp]

Moreover, by comparing the implied crypto futures repo at CME, one can observe that the implied futures #staking rewards reflect an average of ~3.8% financing advantage for ETH over BTC since “The Merge” on September 15, 2022 (as shown in the chart above).

[Bansky.ai @hickeyjosp]

A thread: The possible launch of an #ETH #futures-backed #ETF stands out to me as one of the most discounted events in the current #crypto landscape.  Historical crypto milestones have often resulted in significant short-term peaks in crypto performance.

[Bansky.ai @hickeyjosp]

Long BTC futures rollers benefited!  In the current high-interest rate environment, including returns from cash investments and #FCM #collateral further enhances performance.

[Bansky.ai @hickeyjosp]

We also hold the belief that futures-backed #derivative products receive undeserved criticism due to associated financing costs. While year-to-date #btc futures financing costs have averaged 10%, the financing cost from the previous year contributed 3% of outperformance.

[Bansky.ai @hickeyjosp]

Notably, despite lower volumes currently, today's $ETH #futures expected impact doesn’t appear significantly different than BTC's from October 2021, likely due to the substantial decrease in crypto volatility. Feel free to reach out to us for data on this matter.