Bryan

Collector of premium 💰

[Bryan @shortcalls17]

@Mr_Derivatives I had open orders at $721.14 and $716.79 that got filled on that print. Hoping Schwab doesn't reverse them.

[The Transcript @TheTranscript_]

$NVDA CFO: "For the full year, our networking business exceeded $31B in revenue, up more than 10X compared to fiscal 2021."

[Bryan @shortcalls17]

$DPZ chart overlay 2024 versus 2025 YTD through 9/23/25.

[Bryan @shortcalls17]

@isdownapp Excel files open as read only

[Dan Niles @DanielTNiles]

Yesterday, $JPM CEO Jamie Dimon said he believes Wall Street estimates for S&P earnings growth will go to 0% from 12% to start the year as the impact of tariffs work through the economy “which means PE will come down.” He also said asset prices are “kind of high” and credit spreads are “kind of low.” On tariffs, he said that even after the reprieve that today’s levels were still “pretty extreme” and that investors had an “extraordinary amount of complacency.”

As a reminder, Dimon warned of an economic “hurricane” in June of 2022 before the banking crisis in March of 2023 with 4 firms with $1.7 trillion in assets failing including Credit Suisse.

Before the GFC, Dimon said that by late 2006, JPMorgan was already seeing issues in subprime mortgages. In a February 2008 investor presentation, JPM pointed out that mortgages were “imploding at a rate far worse than expected.” Lehman Brothers failed in September of that year.

JPM ended up buying troubled financial institutions during both the Global Financial Crisis and banking crisis in 2023 given Dimon had positioned the firm so well before the issues.

Given the S&P closed up yesterday despite the Moody’s downgrade of credit, I am sure many of you will dismiss his comments. I would point out that with $4.4 Trillion in assets, JPM has more granular data on the health of the US economy than almost anyone. More importantly, Dimon’s correct interpretation of the data is in my opinion better than anyone else’s.

Since Dimon becoming CEO at the end of 2005 through 5/19/25, JPM’s stock return including dividends is up 1012% versus the S&P up 596% and the S&P Financial Services Sector up 199%. And by the way, JPM beats the Nasdaq as well at up 971%. Dimon has to see things early when trying to position a company with more assets than anyone on the planet.

While the stock market may hit new highs in the near-term during this 90 day tariff reprieve for reasons I have discussed before, I continue to believe that the holidays will be a much rougher time for markets.

[Barchart @Barchart]

CTAs will buy U.S. Stocks in EVERY SINGLE SCENARIO over the next week and month 🚨📈

[Bryan @shortcalls17]

@NickTimiraos Per ChatGPT: Total Estimated Tariff Revenue: $283.738B (general imports) + $578.275B (China) + $130.31B (Canada and Mexico non-compliant) + $95.26B (cars) + $36.825B (steel and aluminum) = $1.124 trillion.

[Chamath Palihapitiya @chamath]

The stock market is crashing! Trump has ruined everything! This is the end!

Or…to quote the great Dave Chapelle: “…and hear me out when I say this…you could shut the fuck up.”

The stock market has simply rung out Biden’s last gasp of free money before he lost the election. We are back to where we were a year ago.

[Bryan @shortcalls17]

@MilaLovesJoe 🙋‍♂️

[High Yield Harry @HighyieldHarry]

They’re called synthetic collateralized burrito obligations and they’re fucking awesome

[Bryan @shortcalls17]

@SullyCNBC i4 black on black

[Joe Weisenthal @TheStalwart]

The NYT reports that due to pressure from the Trump administration, the Mexican drug cartels haven't felt this much stress in years, with leaders going into hiding and shutting down fentanyl labs

[Annmarie Hordern @annmarie]

The reaction of Ukraine’s Ambassador to the US, Oksana Markarova, during the heated exchange between Trump and Zelenskiy.

[The White House @WhiteHouse]

AMERICA FIRST 🇺🇸

[Elon Musk @elonmusk]

Watch this carefully. Very important.

[Trump War Room @TrumpWarRoom]

NEW STATEMENT FROM PRESIDENT DONALD J. TRUMP ON HIS MEETING WITH ZELENSKY:

[Bryan @shortcalls17]

@SullyCNBC @PowerLunch Here's my breakdown versus the same period last year:

Total usage ⬆️26%
Cost of gas ⬆️40%
Cost of supply ⬆️30%
Total bill ⬆️37%

Rhode Island Energy

[Bryan @shortcalls17]

@Malone_Wealth We print more

[zerohedge @zerohedge]

An extra 10% for every 10 dB

[Joe Weisenthal @TheStalwart]

Stocks are up cause of Jevons Paradox. As soon as they went down in price, everyone could afford to buy more of them.