from this morning’s super secret group chat

yet another session of ATHs with vols refusing to go down

“housing and regional banks have to rally because NQ is down” isn’t fundamentals, it’s mechanics

look, I’ll probably be wrong about this October VX cycle. but it’s been fun posting stupid memes 👍

logging into the pre-market NQ/RTY dispersion conference call

i was in school during the dotcom bubble; but this is the first time I’ve ever felt like the stock market has become a playground for people to get rich quickly rather than a mode for longer term investment

we are either the unluckiest club in the world or have the worst physios

do you know how hard it is for the vol ETNs to close above where they've opened for 3 consecutive sessions when ES is making ATHs each day?

overnight into friday the Nikkei was flashy. last night ETH and the coins were flashy. gold, silver surging with the Qs. vols staying very firm and reactive go slightest drops. combination of action making me quite uneasy

RVX at the high of the day with everything green. again, we got beyond the Fed, they cut, markets keep making ATHS, and yet vols are refuse to go down

people will deny it's a bubble because they'll compare to Dotcom valuations. but the AI narrative and concentration of money without a true vision of the end product is what makes this a bubble

must be NVDA news hitting the tape, so AAPL now gets to rest and come down last few minutes

fires trying to roll but can't because AAPL is still making highs

smallest of dips pushes vols higher

TRAN straight down, ITB straight down. but they're apart of the real economy. and we are mostly asset based economy now. so a trillion dollar market cap EV company with zero fundamentals is up 4%, and SPX is green

2 weeks ago ES straight up 20 points from the open would have put VX in deep red

another day of early small cap weakness being wiped away because megas say no

still same old conference call dispersion out the gate

we already give Messi a hundred mill to walk around the pitch in Cincinnati what more do they want

Carson Wentz is leading a team to 50?

just like in Spain. Martinelli is better down the middle

city are fine letting us have the ball, so bring on Eze or EIthan now. they are only going long, so the midfield control doesn't matter as much anyway

Arteta going with what I’m now calling the tush push midfield again

Pulisic at Milan has 26 Serie A goals in 74 matches. Rafael Leao at Milan has 55 goals in 198 Serie A matches. it’s a bit different because Leao started at Milan when he was just 20; but Pulisic has the better goal per game return

Offside

sir Alex next to big Sam

dowman playing and scoring for the U21s today probably means saka is available (in some capacity) for tomorrow

David Moyes make the call

bit of a weekend effect (though VX still closed green with SPX at ATHs). think spot probably opens monday over today's high (16.13), flattening the board up front into a post OPEX gov shutdown. the setup is still there. stocks just have to -- you know -- stop doing this

asset based economy making new highs printing quad 6s

was looking like something could happen, but AAPL just too strong. we go again next week when sep options are gone

me manifesting

need Pablo Torre to find out when this dispersion trade will end

yesterday it was banks and small caps, today it's the megas. just can't break the seamless back and forth dispersion that continues to protect the indices

well we know what they decided on the pre-market dispersion conference call

come for the degenerate ravens-chargers-lions parlay, stay for the anti-fascism

reading more vague Trump talked to Xi headlines

Fed cuts, markets soars, realized volatility sitting well below implied, and yet vols still much firmer than last week

I’m just trying to avoid having to post the teddy KGB “I stick it in you” line

still seeing some random vols bids on a day where everything is up a ton

VIX seems to be getting a little nervous here about how much silliness is going on

after spending a decade under dark clouds and rain look at what just a few months on the coast of Italy can do

another restaurant with poor numbers signaling a strapped consumer as NVDA and INTC strike a deal to push the asset based economy to new highs

for a time, the rising stock market was mostly emboldening trump wrt tariffs. but he's expanding his reach. he feels invincible with markets at ATHs. ICE, deploying national guard, taking over the Fed, attacking free speech. he will keep escalating.