Moreorless

[Moreorless @zy_opf]

🏈The breeze sways the foliage767176A canine chases after a ball

[Moreorless @zy_opf]

A philosophical anthology designed for group dialogue—where the steady drone of machinery echoes the rhythm of achievement, and the workshop brims with an unmistakable air of triumph!

[Moreorless @zy_opf]

Keep pushing ahead. 561254 Apple vodka, now available in bottles.

[Moreorless @zy_opf]

🍴Darts with girlfriend Won 6:3470324Ceiling lamp with a hanger

[Moreorless @zy_opf]

☁Buy groceries Fresh milk816406Vegetable soup Aromatic

[Moreorless @zy_opf]

"It's been quite a journey," Leo spoke gently, his tone tinged with sentiment. "Starting with Lilias and Wei, moving on to your namesake and Kai, and now us. This garden has weathered so much over time, yet it remains, just as lovely and brimming with affection as ever."

[Moreorless @zy_opf]

Exploring a botanical garden is a journey that celebrates the incredible variety of flora. From uncommon species to vibrant blossoms, the landscape reveals nature's abundance and allure, offering a peaceful and calming effect on the spirit. Meanwhile, playing darts alongside you

[Moreorless @zy_opf]

Embrace the stillness of silence and solitude. A vibrant cheer dances effortlessly through my being as we roam the streets hand in hand, joy strolling by our side, transforming ordinary pathways into landscapes brushed with tender emotion.

[Moreorless @zy_opf]

👆Offer comfort to someone who is mourning. 101022 "Morning, darling," she typed. "Can't wait to see you either. I'll be all set in five. Love you. Quick—my stomach is growling!" She rose from the bed, swiftly pulled on some jeans and a cozy sweater, ran a brush through her

[Moreorless @zy_opf]

Minimalist slip-on shoes with lightweight cushioning blend sleek style with all-day walking comfort, while soft neutral tones pair perfectly with jeans, dresses, and business-casual office attire every weekday. A hearty laugh is the ultimate cure for the soul.

[Moreorless @zy_opf]

Let go of persistent self-doubt, for you possess a distinctive inner radiance. Move forward with complete self-esteem and create a life brimming with freedom, happiness, and meaningful personal achievements. ❄️ Spread your joy to everyone around you.

[Moreorless @zy_opf]

将快乐作为首要任务。在动物园的湿地中，黑冠鹤正优雅地踱步，它们独特的头部特征与高雅的姿态，展现了这种稀有非洲湿地鸟类的独特魅力。🍻

[Moreorless @zy_opf]

Dedication to work and striving for professional growth within the team! 653026 Summer seaside night tides rise quietly, lapping the shore with gentle force. This silent tidal movement maintains the dynamic ecological balance of the summer seaside. 🚣

[Financelot @FinanceLancelot]

AI compute prices are completely collapsing. This is going to impact AI data center gross margins at the worst possible time.

Keep in mind, even at peak pricing all of these AI providers were extremely unprofitable.

The decline in private credit funding has forced them to switch from heavily subsidized subscription pricing to token based billing.

A desperate move, because corporations are now realizing LLMs are anywhere from 10-20x more expensive than they had been told.

Like subprime loans in 2008, the teaser rate just expired.

The rush for SpaceX, Anthropic and OpenAI to IPO is clearly because they see a double headwind of declining demand + declining gross margins.

Price discovery and return to normal is the hallmark of every bubble.

Did the AI bubble just pop?

[Michael A. Gayed, CFA @leadlagreport]

The market is closed.

The divergences are not.

Breadth, credit, duration, gold, oil and small caps are still the dashboard.

[Yuriy Matso @yuriymatso]

Tech realized vol is running 16 pts above the S&P's — last seen March 2021. The difference: in 2021 options ignored it. Today VXN − VIX is 11 pts, a level seen only in the dot-com unwind. Historically that flagged no QQQ-over-SPY edge. Full analysis: https://t.co/ogUs7HBxNU

[Intermarket Flow @intermarketflow]

Reading the indices without watching normalized capital flow — the Z-scores — is trading blind. A rally that looks powerful can be carrying extreme fragility. One that's off the radar can be quietly accumulating capital. Detecting capital flow is critical to trade with an edge.

[Neil Sethi NEW account, please refollow @neilsethinew]

Rubner: Nearly 70% of Nasdaq rallies during May were accompanied by higher 1-month at-the-money implied volatility, the highest monthly frequency observed [on record] since 2005 and more than 3x the long-run average.

[The Kobeissi Letter @KobeissiLetter]

Foreign investors are piling into US equities at a record pace:

Cumulative year-to-date inflows from global investment funds into US equities are up to ~2.5% of their total assets under management.

This percentage has more than DOUBLED since May alone.

This is also significantly above the 2002-2025 average of -0.3% in outflows for this point in the year.

By comparison, excluding the top 10% with the largest inflows and the bottom 10% with the largest outflows of the 2002-2025 period, global fund inflows averaged just ~1.5% by this point in the year.

The YTD pace has already exceeded the full-year total recorded in the middle 50% of years since 2002.

Current demand for US equities is unprecedented.

[Kalani o Māui @MauiBoyMacro]

“In other words, we are in a valuation bubble at a time when earnings are in a bubble themselves.”

“If we correct for the earnings bubble, the current CAPE would be 67.6x or 4.6 standard deviations above trend, a bubble that surpasses anything ever seen in US history by an extreme margin.” 👇🏼

https://t.co/o87KFCzg3O