Oh no the Weekend Dow is down 26bps on Saturday evening. This is the big one -30% crash on Monday guaranteed. Hug your kids and tell your spouse you love them.

Holy fuck the amount of people that took this post seriously is way too damn high. Satire is indeed dead.

Someone want to explain to me what this is all about?

Liberating what? Their gold?

Are we having fun yet?

The DXY is still at resistance of the Ukraine War to post liberation day range bottom, but if we can’t get any form of de-escalation this week with the Strait of Hormuz then we will be seeing a dollar breakout. This is why I still think we see a bounce tomorrow, because the

The KOSPI is actually holding up pretty well despite the gap down open, and the Hang Seng is performing with some strength. It's just Japan and Taiwan that are getting pretty hammered right now. Overall mixed picture skewed to the downside.

Then you have Australia. Aussie bros, you alright?

So far we're safe from the Yen carry trade blowing up. In fact the Yen is weakening vs the USD.

I need to resist the very strong urge I have to short WTI this week.

John has great insights and I would absolutely recommend subscribing to him. Even I subscribed. There’s no such thing as too much data.

If Trump doesn’t taco this week then it all but confirms that Israel has seized control of our government

Lindsey Graham, you know, never saw a war he didn’t like and want to drop every bomb ever made Lindsey Graham now thinks the Israelis are overdoing it with the bombing. We might be closer to an end of this conflict than most think.

Say a prayer that this is an evening star reversal

Would you look at that, right where that 665 put gamma wall was on Friday. And oil backed off a lot. This looks a lot like it was a knee jerk reaction on low overnight volume. Now that liquidity has returned it’s starting to look mechanical again. So I’m still looking for the VIX

With this level of backwardation on the VIX as long as there aren’t any further macro surprises I expect to see it come down to 22 on the front month and 24 on spot no later than Wednesday this week. When that happens it will be the biggest bull trap we’ve seen in many years.

Believe it or not, both my VIX $22 and VIX $24 Puts for 3/18 are only down single digit percentages today. Had I bought 30 delta calls for 3/20 like I was considering they would have been down 47% today.

The pre-market low is the level to watch right now. If we get under that then we probably won’t see a rally attempt today. If it hold we probably see an attempt to beg back over 670. IV is jacked sky high today so if you do take a chance on a bounce DO NOT USE OPTIONS, you will