Hope is not a hedge

BREAKING: THERE'S A CHANCE THAT RUSSIA INVADES UKRAIN SOON BUT THERE'S ALSO A CHANCE THEY DON'T AND WE'LL LIKELY RAISE RATES BUT WE'RE NOT SURE AND THE CIA SPIES ON AMERICANS BUT WE TOLD THEM TO STOP SO THEY'LL LIKELY STOP AND BITCOIN IS WORTHLESS BUT IT'S A THREAT TO DEMOCRACY

ROGOZIN

Putin the poseur on horseback is hiding in his remote bunker, while Zelenski, the former comedian, is risking his life on the frontline. #SkinInTheGame

*Saudi Arabia in Talks to Price Its Oil Sales to China in Yuan -- Sources -- WSJ #OOTT

Russia has destroyed a major Ukrainian grain export terminal in Mykolaiv that plays a crucial role in international food security. This targeted attack is further evidence that Putin is weaponising global famine in a bid to blackmail the international community

* FED'S KASHKARI: WE CAN ONLY RELAX ON RATE HIKES WHEN WE SEE COMPELLING EVIDENCE INFLATION IS HEADING TOWARD 2% Reuters

German wind turbines near Leipzig, doing everything they can to help solve the energy crisis.

5s30 and 2s30s

ECB'S ENRIA SAYS EURO ZONE BANKS SHOULDN'T ASSUME GOVERNMENT HELP IN BALANCE SHEET MANAGEMENT

Wow! Scientists have observed a single-cell alga evolve in real time into a multicellular organism. The transition took around a year and was caused by the introduction of a predator into the environment. nature.com/articles/s4159…

we should have known

EU funding plan: -80bln in issues, since 2021 170bln in NGEU have been issued -New financing needs related to REPowerEU will not affect the funding need for H1 2023 -A framework will be provided for quoting on the secondary market aiming to inc. liquidity

US Treasury Yield Curve. What a year.

Some days we’re reminded of why it’s called a dismal science.

Pete Sampras Guess it was in the documents? I took a punt on the AT1s against the equity but it was a quick decision and I didn’t read enough about them to put any size on, will be taking a small hit because of it. h/t K O

*interactive brokers voice* "market data connection lost" "market data connection reestablished"

European Opening Calls: #FTSE 7493 -0.15% #DAX 15906 -0.08% #CAC 7233 -0.01% #AEX 758 -0.04% #MIB 29269 -0.78% #IBEX 9769 +0.08% #OMX 2199 +0.02% #SMI 10734 -0.03% #STOXX 4335 -0.13% #IGOpeningCall

Today’s video orbit discussing how to potentially take advantage of low vol options for 2024. $SPY $QQQ $IWM. Hope you enjoy!