I’ve now seen it all.At the end of the session random stocks popped and collapsed, without reason or news. We had a record rebalancing in the SPY and of course the specter of tax loss selling on this wonderful Friday. Below are too extremely large capped stocks with extremely large moves inside a minute’s time...Read More

Markets should have gone up 2%+ on these numbers. But because everyone is jaded and no longer believe the data — it was nothing but slop.The consumer price index rose at a 2.7% annualized rate last month, a delayed report from the Bureau of Labor Statistics showed. Economists polled by Dow Jones expected the CPI...Read More

This was probably the worst and most sadistic session since April — zero respite, zero bounce. It started off in the morning with some good olde fashioned FUD, the fucks from $OWL pulled funding for an Oracle datacenter. The subsequent result was unimaginable fear — sending the entire AI space into zero bid, airless into...Read More

During any bull market, stocks are likely to go higher ~55% of the time. In a bear tape, ~45%. Below is a series of datapoints, really just me nerding out with statistics. I am sure at least one of you (Truman) will find this to be interesting.YTD hourly market returns. The 9-11am dump out is...Read More

All of the growth / AI names are being flushed. High beta strategies were off by another 2.84% today, following Friday’s -4% drubbing. But it’s not all doom and gloom. The mid cycle reset trade is apparently on, with short end yields coming in and the long end remaining elevated. This has translated into a...Read More