Passive 2.0

This is absolutely wild... A Brookfield-owned downtown LA office tower appears headed to foreclosure A $400M loan tied to the 1.4M SF BoA Plaza was transferred to special servicing by its lenders: Wells Fargo, GS, Citi, MS In downtown LA, Brookfield has already lost control

The Russell 2000 is up 11.5% in five days. In the last 30 years it's only exceeded that after major crises: LTCM, Dot Coms, GFC, 2011 US debt downgrade and the pandemic. For a pure rotation, this is unprecedented:

This $CRWD take by Brad Zelnick should really be an instant classic.

Out now - how Mike Green is seeing things: - Friday's sickly jobs report is just the beginning - recession in U.S. is a near certainty - "momentous" sell-off is possible if true panic sets in - as stocks decline, passive investing will amplify stock market volatility, just as

🚨MUST WATCH: MR. BEAN'S DEFINITIVE DEFENSE OF FREE SPEECH (FULL VIDEO) Rowan Atkinson: "The clear problem with the outlawing of insult - is that too many things can be interpreted as such." Source: Avi Avidan

Didn’t realize US ETFs are on track to pass Satoshi in bitcoin held in October. BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time Ht Shaun Edmondson

* EXPLOSIONS HEARD IN TEL AVIV, ISRAELI MEDIA REPORTS * HAMAS ARMED WING SAYS IT TARGETED TEL AVIV WITH TWO ROCKETS - STATEMENT Reuters

NEW FROM US: Super Micro—Fresh Evidence Of Accounting Manipulation, Sibling Self-Dealing And Sanctions Evasion At This AI High Flyer hindenburgresearch.com/smci/ $SMCI (1/x)

Bitcoin this month

AAA

YouTuber JK photographed himself daily for 22 years, capturing his aging from 25 to 47 years

Disappointing jobs data increasing the likelihood for a 50bp cut this Sept #FedWatchTool

Kalshi just legalized trading on elections in the U.S. For the first time in 100 years, Americans will have access to legal election markets at scale. Historic moment for financial markets.

Gold made another new high today (up ~2% from its low). Gold has been in a strong uptrend since July (green channel) and has outperformed BTC, SPX, and Mag 7 stocks over this period. Rate cut fever has been very bullish for gold. So, what is the "signal?" Policy mistake?

What is David Tepper buying in China? "Everything," he says. "ETFs, I would do futures - everything. Everything."

Before and after Hurricane Helene, Eastern USA

Kalshi now has liquidity for $100m trades on the election If you want to take a large position, reach out to [email protected] and we will assist you