Scott S Jones

From Columbus, MS. Dad, Husband, Futures Trader, Cyclist
All Decisions I Make Are My Own.

[Mike Benz @MikeBenzCyber]

More riddles for @RoKhanna. The President of El Salvador came to the same conclusion as DOGE and celebrated the shutdown of USAID. Are you accusing the President who reduced his country’s murder rate by 95% of supporting the murder of children?

[The Kobeissi Letter @KobeissiLetter]

We are about to experience a massive end-of-Q2 rebalancing period:

Institutional investors are estimated to sell up to $165 billion in equities and purchase an equivalent amount of bonds by quarter-end, the highest in at least 4 years, according to JPMorgan.

Japan's Government Pension Investment Fund (GPIF), with ~$1.9 trillion in assets, is estimated to sell ~$60 billion in equities, while Norway's Norges Bank, managing a ~$2.1 trillion sovereign wealth fund, is expected to sell ~$40 billion.

At the same time, US defined benefit pension funds, managing ~$9.6 trillion in assets, could account for another ~$55 billion in equity sales.

The Swiss National Bank is estimated to sell ~$25 billion, though this figure could fall to ~$8 billion if its equity allocation rises to 30% from the current 28%.

Meanwhile, balanced mutual funds, managing ~$4.0 trillion in assets, are estimated to purchase ~$15 billion in equities.

A massive quarter-end rebalancing wave is about to hit global markets.

[PiQ @PiQSuite]

Interstellar comet 3I/ATLAS found to be up to 12 billion years old

Scientists studying the comet 3I/ATLAS have determined that this interstellar visitor is remarkably ancient, formed an estimated 10 to 12 billion years ago in a primordial planetary system. Its composition is unlike anything in our solar system, offering clues about its formation environment. https://t.co/mG1eVCklDb

[Scott S Jones @ssj001]

@leadlagreport What is the formula to calculate bitcoin yield?

[Scott S Jones @ssj001]

@Jkylebass Long college baseball for a pair.

[🇺🇸 Kyle Bass 🇹🇼 @Jkylebass]

The irony is too rich to ignore. A piece lamenting that players made “a night meant for inclusion about something else entirely” …by simply writing Bible verses on their hats. Silently. On their own caps.

Let’s think about what “inclusion” apparently means here: everyone is welcome, celebrated, and affirmed…unless you’re a religious person expressing your faith quietly, in which case you’re a problem to be ridiculed by a major sports outlet.

The players weren’t protesting. They weren’t disrupting anything. They weren’t demanding anyone agree with them. They wrote scripture on their hats. That’s it. And yet the media framing treats this as an act of aggression against inclusion…while simultaneously being deeply exclusionary toward them.

This is the core contradiction the mainstream sports media can never seem to resolve: inclusion only seems to flow in one direction. Pride Night deserves full-throated coverage and moral endorsement. A Bible verse deserves a condescending op-ed.

If a reporter wrote a piece mocking players for putting an LGBTQ+ symbol on their cap, their career would be over by morning. The double standard isn’t subtle …it’s architectural.

True inclusion, by definition, has to include people of sincere religious faith. The moment a media outlet decides that one group’s expression is a celebration and another’s is an embarrassment, they’ve stopped covering a story and started enforcing a cultural orthodoxy.

That’s not journalism…it’s a dress code. @nytimes @TheAthletic

[Scott S Jones @ssj001]

Useful. https://t.co/cW0wX6Qpif

[Scott S Jones @ssj001]

Yes.

[ludoonchart @ludoonchart]

Ken Griffin shared a brutal story about a 22 year-old harvard grad that perfectly explains the ruthless culture of building a $60 billion empire:

"i had a young man from harvard with me, and i asked him: 'if you made $10 million, what would you do?' he said, 'i would quit and i would climb the highest peaks around the world.'"

"i looked at him and said, 'i don't think this is the right firm for you.' he was confused and said, 'well, you've already made an offer to me.' i replied: 'that's wonderful. i strongly urge you not to accept it.'"

"i don't want to hear from somebody who is 22 years old that there's some magic number where they just stop. i want to hear how they are going to climb the next mountain right here at citadel. how they are going to build a business and have a massive impact."

Griffin didn't build one of the most feared hedge funds on wall street by hiring people who just want to get rich and retire. he built it by hiring absolute killers who treat the game itself as the ultimate prize

bookmark and watch his interview breaking down the ruthless reality of winning at citadel

[Elon Musk @elonmusk]

Wow, this is crazy!

[Patrick Rooney @patrickrooney]

You think crude oil moved a lot? Pray for the farmer who tried to time Urea (fertilizer).

[🇺🇸 Kyle Bass 🇹🇼 @Jkylebass]

The Biden Administration began the investigation. Gavin’s Chief of Staff plead guilty to charges brought by Biden’s DOJ.

The DOJ investigations tied to Gavin Newsom (and associates like his wife Jennifer Siebel Newsom) originated around 2025, roughly a year before Newsom’s public announcement on June 15, 2026. https://t.co/WZ3GRF1ODa https://t.co/m442p59E8U
Key Timeline Details
• 2025 origins: Multiple federal probes (led by the U.S. Attorney’s Office for the Eastern District of California in Sacramento) began from local/state whistleblower complaints, not at the direction of President Trump or Washington DOJ leadership. These included:
• A tax-related inquiry into Jennifer Siebel Newsom’s nonprofit organizations and finances (some reports specify early 2025). https://t.co/uwKFSH8NDw
• A separate corruption/wire fraud case involving Newsom’s former chief of staff, Dana Williamson (indicted in 2025 under the prior administration; she took a plea deal in May 2026). https://t.co/hlu7uUaTAy
• June 2026 escalation: Newsom’s office stated that investigators began actively contacting friends, former employees, and associates in June 2026. In the days/weeks leading up to June 15, federal agents (including FBI/IRS) reached out to more than a dozen people, sought records, and reportedly used grand jury subpoenas for bank/financial documents. Newsom framed this as a politically motivated “fishing expedition” tied to his potential 2028 presidential run and criticism of Trump. https://t.co/WZ3GRF1ODa https://t.co/PGO2dzWzjD
• June 15, 2026 public announcement: Newsom released a video accusing Trump of weaponizing the DOJ. Sources familiar with the matter confirmed ongoing probes but disputed that they were newly ordered from Washington—they had been running locally for about a year. https://t.co/LeATQ8irO6
In short, the underlying investigations started in 2025 (pre-Trump’s second term), with heightened activity and direct outreach to Newsom’s circle beginning in June 2026. No charges have been filed against Newsom or his wife as of the latest reports. Details come from Newsom’s statements, law enforcement sources, and news outlets; the DOJ has declined to comment.

[Scott S Jones @ssj001]

https://t.co/LtQASmHp0a

[Buzz Patterson @BuzzPatterson]

YET EVEN MORE HILLARY

In 97, as their military aide, I accompanied the Clintons on an event in DC. We were on our way to a fundraising event one night. As the motorcade pulled into the hotel loading dock area, I knew it was going to be a bad night when I noticed the Clintons going back and forth in the limo. They were animated and arguing in the backseat…and taking their time.

After a very pregnant pause, the president, the first lady, two Secret Service agents, the WH doctor, and I crowded into the loading dock elevator on our way to the party on the top floor of the hotel. Apparently, Mrs Clinton had just received some bad news about the Whitewater investigation and being denied immunity and she was blaming her husband. As soon as the elevator doors closed, she exploded at the president spewing four-letter words like a machine gun.

Every vulgar word you’ve ever heard, and I’ve heard them all as a vet, poured from her mouth: “Goddammit,” “you bastard,” “it’s your fucking fault!” And on and on and on. I, and the football, tried to blend into the walls of the elevator to avoid any collateral damage. I noticed the alarmed glances of the agents and the doctor. We were just along for the ride.

Bill looked a beaten puppy. He put his head down and said, “Yes, I understand. Yes, dear, I know.” The president, embarrassed, placated her as best he could between the volleys of expletives. He knew better than to fight back. We all did.

We reached the top floor and the elevator doors opened onto a crowded hallway for our arrival. Immediately, Bill and Hillary clasped hands, pulled out the fake smiles, and waved in unison. Same old bullshit. The agents, the doctor and I just looked at each other, rolled our eyes, and sighed.

Just another day in the Clinton White House.

[Milk Road @milkroaddaily]

Mike Novogratz: The US has $40T of debt and there's only one way out.

"The only way we deal with that debt is to inflate it away. Period. End of story."

Run 4% inflation while convincing markets you're targeting 2%. Do that for 10 years and you've erased 30% of real debt.

The danger is that people could lose confidence, and 4% becomes 14% or 40% - wiping out debt AND wealth simultaneously.

FT @Scaramucci @Novogratz @AllThingsMkts @SkyBridge.

[Buzz Patterson @BuzzPatterson]

EVEN EVEN MORE HILLARY

In the summer of 1997, Bill Clinton visited Denmark. We landed on AF-1 in Copenhagen, boarded Marine One for a night time tour of the coast en route to Kronborg Castle, for Shakespeare the “home of Hamlet.” We landed at around midnight and were welcomed with open arms by the queen and her staff.

Beautiful, historic castle. I was put up in the Scottish Military suite. Beautiful room with a fully appointed spread of meats, cheeses, breads, fruit, and a full bar. All served, of course, with fine china and crystal.

After a phone call with my wife, I made sure POTUS was down for the evening and went to bed.

The next morning, the queen had a breakfast spread for Clinton and the staff. Again, first class.

As we headed to the motorcade to leave for an event and the flight home, I was pulled aside by the Danish military aide.

“Buzz, we have a problem. Your staff stole the china and crystal from their rooms. And took other things as well.”

I was stunned and chagrined. I apologized profusely and told him I’d handle it.

I talked with Hillary and the White House chief of staff and told them what had happened.

They both shrugged their shoulders. No apology. Nobody held accountable. No repayment.

Just another day in the Clinton White House and a group of Ugly Americans.

I don’t want to hear a damn word from @HillaryClinton about White House decorum. Not a word.

[Buzz Patterson @BuzzPatterson]

Oh, Hillary. Hillary, Hillary. You ignorant slut.

As the Senior Military Aide to President Bill Clinton, YOU’RE military aide — the officer who carried the nuclear football in and out of the White House every single day — I saw the “people’s house” up close alongside you. @HillaryClinton

Spare us the sanctimonious lectures. And turn on your replies, coward.

When you and Bill left in January 2001, your staff ransacked the place. Remember?

“W” keys ripped off every keyboard. Phone lines cut. Desk drawers glued shut. Obscene voicemails and vulgar graffiti left behind.

Presidential seals and silverware stolen. Furniture damaged. The GAO confirmed the vandalism and theft. It wasn’t “transition friction” — it was a disgrace.

You trashed the People’s House on your way out the door and now you’re clutching pearls over Trump?

I remember, Hillary. I was there. Remember?

The hypocrisy is Olympic-level, Ms. Clinton. And you know it! You of ALL people know it!

The American people have long memories. Especially this one! Me!

We remember who actually looted the place.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ Shut up and color.

[🇺🇸 Kyle Bass 🇹🇼 @Jkylebass]

The irony is too rich to ignore. A piece lamenting that players made “a night meant for inclusion about something else entirely” …by simply writing Bible verses on their hats. Silently. On their own caps.

Let’s think about what “inclusion” apparently means here: everyone is welcome, celebrated, and affirmed…unless you’re a religious person expressing your faith quietly, in which case you’re a problem to be ridiculed by a major sports outlet.

The players weren’t protesting. They weren’t disrupting anything. They weren’t demanding anyone agree with them. They wrote scripture on their hats. That’s it. And yet the media framing treats this as an act of aggression against inclusion…while simultaneously being deeply exclusionary toward them.

This is the core contradiction the mainstream sports media can never seem to resolve: inclusion only seems to flow in one direction. Pride Night deserves full-throated coverage and moral endorsement. A Bible verse deserves a condescending op-ed.

If a reporter wrote a piece mocking players for putting an LGBTQ+ symbol on their cap, their career would be over by morning. The double standard isn’t subtle …it’s architectural.

True inclusion, by definition, has to include people of sincere religious faith. The moment a media outlet decides that one group’s expression is a celebration and another’s is an embarrassment, they’ve stopped covering a story and started enforcing a cultural orthodoxy.

That’s not journalism…it’s a dress code.

[Brivael Le Pogam @brivael]

SpaceX a clôturé son premier jour de cotation à 2 100 milliards de dollars, +19%. Tout le monde regarde le chiffre. Personne ne regarde ce qu'il price réellement.

Laissez-moi vous dire ce que le marché vient d'acheter, et pourquoi je pense que cette boîte vaudra 30 à 50 trillions d'ici 5 ans.

D'abord, le symbole. Cette IPO est un référendum. D'un côté, 20 ans de discours sur la décroissance, la sobriété, la redistribution, la fin de l'histoire gérée par des comités. De l'autre, un homme qui a dit "je vais rendre l'humanité multiplanétaire", que tout le monde a traité de clown, et qui vient de créer la plus grosse entreprise cotée de l'histoire en partant d'un entrepôt à El Segundo. Le marché a voté. Le wokisme avait des départements RH, SpaceX avait des fusées. Les fusées ont gagné.

Ensuite, la mécanique économique, parce que c'est là que tout le monde se trompe. Les analystes valorisent SpaceX comme une entreprise de lancement plus Starlink. C'est comme valoriser Internet en 1995 sur le marché du fax. Starship ne réduit pas le coût du kilo en orbite de 20%, il le divise par 100. Et chaque fois dans l'histoire qu'un coût d'infrastructure est divisé par 100, ce n'est pas le marché existant qui grossit, ce sont des industries entières qui naissent. Le coût du calcul divisé par 100 a donné Internet, le smartphone, l'IA. Le coût de l'orbite divisé par 100 va donner une économie spatiale complète.

Faisons la liste de ce qui devient rentable quand le kilo en orbite coûte le prix d'un billet d'avion. Les data centers orbitaux, avec énergie solaire continue et refroidissement gratuit, au moment exact où l'IA fait exploser la demande énergétique terrestre. La fabrication en microgravité de semi-conducteurs, de fibres optiques, d'organes imprimés impossibles à produire sous gravité. Le tourisme orbital de masse, puis les hôtels lunaires, qui passeront du fantasme au business plan exactement comme la croisière de luxe au 20ème siècle. Le transport point à point terrestre, Paris-Tokyo en 40 minutes. L'industrie minière des astéroïdes, dont un seul corps de classe M contient plus de métaux que tout ce que l'humanité a extrait depuis le néolithique. Et Mars en ligne de mire, pas comme destination touristique, mais comme le plus grand projet d'infrastructure jamais entrepris, avec tout ce que ça implique de demande en énergie, matériaux, robotique, IA.

SpaceX ne participera pas à ces marchés. SpaceX possède le péage d'entrée de tous ces marchés. C'est AWS, mais pour la civilisation. Apple vaut 3 500 milliards en vendant des rectangles de verre sur une seule planète. Le premier monopole d'accès à une frontière infinie à 30 ou 50 trillions dans 5 ans, ce n'est pas de l'exubérance, c'est une simple règle de trois sur l'expansion du marché adressable.

Et maintenant, la partie que je préfère. Ce futur n'a pas besoin de bureaucrates. Il n'y a pas de comité consultatif en orbite. Pas de commission Théodule sur Mars. Chaque dollar de cette nouvelle économie sera créé par des ingénieurs, des techniciens, des soudeurs, des pilotes, des entrepreneurs. Les diplômés en gestion de la norme vont devoir apprendre un métier utile, et franchement, c'est une excellente nouvelle pour eux aussi : construire est infiniment plus fun que contrôler.

Parce que c'est ça, le vrai signal d'aujourd'hui. Pendant 50 ans on nous a vendu un futur rétréci : moins d'énergie, moins d'enfants, moins d'ambition, gérer le déclin proprement. Et là, d'un coup, le plus gros actif financier du monde est un pari sur l'abondance, l'expansion et l'aventure. Le pessimisme vient de passer en position vendeuse sur lui-même.

Le futur sera méga fun. Il y aura des hôtels avec vue sur la Terre, des honeymoons en orbite, des gamins qui diront "papa, c'était comment avant les fusées réutilisables" comme on dit "c'était comment avant Internet". Et quelque part dans les années 2030, un humain marchera sur Mars en livestream devant 5 milliards de personnes, et ce jour-là plus personne ne se souviendra du nom d'un seul de ses détracteurs.

Achetez de l'optimisme. C'est encore sous-valorisé.

[ludoonchart @ludoonchart]

before Nassim Taleb made his fortune shorting the 2008 collapse, an old veteran on the trading floor gave him a terrifying warning

"he grabbed me, pointed to a guy across the room and said: 'you see ed over there? he made $7 million in 7 years... and he just lost it all in exactly 7 seconds'"

that was the exact moment Taleb realized that 99% of wall street was playing a rigged game of russian roulette

"average funds hide their risk to look smart - they make small, steady profits every single day, completely blind to the fact that one rare event will eventually wipe out their entire existence"

"we do the exact opposite - we take tiny, calculated losses every day, and position our entire portfolio to make billions the second the system completely breaks"

Taleb didn't build his empire by trying to predict the market. he built it by assuming everyone else is fragile, and waiting for the inevitable hurricane to destroy them

watch his legendary stanford masterclass where he breaks down this exact realization

[CSG Hail State @ms_st_prods]

Cheering for Ole Miss because they’re from Mississippi is like cheering for the devil because he’s in the Bible.