It was only a matter of time before some sort of FUD hit the tape and today we got with via JEF and regional banks. JEF slid more than 10% and KRE nosedived by 6.3%.This all stems from Jefferies losses with First Brands, applying pressure to credit and today we got news out of WAL...Read More

When I was starting out in the biz — everyone wanted to be Gordon Gecko — pretend to have inside information — build large positions who would later be taken out at large premiums, and talk extreme shit about it. We were bulls and we made it our business to inform others when blue horseshoe...Read More

We opened up down nearly 2% and then bravely worked our way back up. At session highs, we had gains of +55bps and then this was posted on Truth Social.Markets red candled it to hell and we ended up down 26bps for the session. It was a hailstorm day for growth names, many of which...Read More

We turned Friday’s frown upside down. Markets defied the pangs of 1929 styled collapse and jogged on higher today, in spite of all of the doom and gloom. I have never seen a more hated market at recourd highs. We gained +185bps for the session, held back by 10bps on the QID hedge and another...Read More

Let me run through the headlines.*GREER ON TARIFFS: THINK WE’LL SEE MARKETS CALM IN COMING WEEK *GREER: TRUMP CONTINUES TO HAVE GREAT RELATIONSHIP WITH CHINA XI*VANCE: TRUMP WILLING TO BE REASONABLE NEGOTIATOR WITH CHINA *VANCE: TRUMP HOPES US DOESN’T NEED TO USE LEVERAGE ON CHINA *VANCE: WE APPRECIATE FRIENDSHIP TRUMP DEVELOPED WITH CHINA’S XIOn these...Read More