Trump and 18 others were indicted in Fulton County for allegedly conspiring to overturn then-President Joe Biden’s narrow election victory in Georgia...

...public Bitcoin miners, in the pursuit of mid-term fiat gains, might have just fallen for a trap... The infrastructure that runs the future does not necessarily capture the gains.  

CTA sellers. VIX dealers in the 0th percentile of gamma. Oil volatility still extreme.

Understanding these internal political pressures is critical for predicting escalation...

"This whole thing is being made up, and it’s an absurdity..."

"How worried are you?"

Korea’s “VIX” Looks More Like OVX Than VIX.

...the cracks are visible, but the market is still hoping the damage remains contained.

The kneejerk reaction to the company's earnings has been favorable. Let's see if this continues into tomorrow's session...

Reports suggest Iran has begun deploying mines in Strait of Hormuz; Trump sees no reports of them doing so, but threatens significant military action if they are not removed; US Energy Secretary Wright, in a now deleted post, said the US Navy has escorted an oil tanker through the Strait of Hormuz (later rejected by WH officials); IEA meeting reportedly ends with no decision on crude stockpile release; Weak US 3yr note auction; US existing home sales rise in Feb.; Oil tanker explosion near Abu Dhabi; AMZN attracts ~$126B of orders for US bond sale.

Chase Bank flagged 12 cash deposits totaling $11,880 in suspicious activity report to the FBI...

...a Wright mess, no SPR release, and mines!?

"...reports of tanker traffic moving through the Strait of Hormuz, and renewed 'TACO' anticipation..." 

 

"Oracle is in a damned-if-you-do, damned-if-you-don’t position"

Investors just unwound massive hedges. But downside skew is still elevated.

...still-micro blowups in a few pockets of credit markets look more like an early warning for broader risk sentiment.

At some point, the market may begin treating these emergency meeting headlines as pure bullsh*t.