Staggering

I’d given this near zero odds a month ago but they keep ticking higher despite no real benefit to the administration… Trump seems to have a vendetta and has taken the pre-election cuts personally. My base case is that I still think he’s trying to simply sully his reputation…

Can you imagine a Zervos presser? 😂😂

Stocks at YTD highs (and all time) VIX at YTD lows

People don’t realize that buying puts when no one is selling leads to more buying pressure as puts trend towards expiration…. It’s called charm (how delta changes over time for a given option)

Small caps up 5% in 2 days

DEI policies doing what they were intended to do

I agree. Tariffs likely add another +50bps over next 6m as well.

Sad facts $IBKR stock has outperformed my investment portfolio since I opened my account with them 😂

REITS look cheap… may see some interest once they finally start cutting

Humana and UNH are politically protected shareholder ATMs

x.com/i/article/1956…

The Fed has no one to blame but themselves...

One thing is clear from recent Fed public comments.... There is zero consensus about the appropriate path forward. Sept is anything but a sure thing. Some don't even agree on the basic state of the economy.