Mess with mewmew, get the pewpew. Markets & mewsings. A perfect hedge exists in a Japanese garden. Better to be a warrior in a garden than a gardener in a war.
Globalization is the greatest short-convexity bet in human history. Every day the status quo persists, we move closer to unlimited losses; unfortunately, most leaders remain oblivious. It is the classic cycle: good times have created weak leadership.
NEW:
🇺🇸 Rep. Thomas Massie calls on all politicians, influencers and outlets to join en masse in seeking justice for the child victims of Epstein and his billionaire friends:
"If you won’t stand up for trafficked kids, who will you ever stand up for?"
Uh hey guys, all the things you're calling "AI disruption" trades are just a standard end-of-cycle liquidity contraction rolling across well-owned trades.
Hope that helps.
S&P is flat over the past month, but the average stock moved 10.8% — a dispersion spread at the 99th percentile over 30 years. Crushed correlations (1m rCorr 8.9) driven by massive Growth-to-Value rotation, pod shop de-risking at 100th %ile gross leverage, and 0DTE/leveraged ETF amplification have made dispersion trades (long single-stock vol, short index vol) wildly profitable. The catch: prior 99th %ile dispersion events have historically clustered around major market shocks, with the backtest showing ugly negative median SPX returns in the t+2m to t+3m window. Small sample (n=8), but a clear caution flag. Source is Nomura:
Greg Biffle was a patriot and a great man. This is such a tragedy.
Here's Biffle last year talking about helping each other in the time of need.
RIP to the Biffle and his family.
Ok make the most pro-crypto president in history win the election
Now send his own meme coin to zero with no bounces
Ok now send random tech stocks 1000% instead of crypto
Now use these tech companies to spy on the population
Double the cost of living
Ok now give their jobs to immigrants
Blame job displacement on Chinese manufacturing and start a tariff war
Wait till they sell
Now undo the tariff war
Ok now convince them that 4 year cycles aren’t a thing anymore at the top of the 4 cycle
Now start the tariff war again
Shut down the government
Tell them they jave a gambling addiction
Ok give boomers more tax braaks and send their gold to ath because they worked harder.
Wait till boomers die now send the dollar to zero.