What China trade-tantrum; what credit-concerns; what funding-crisis? Nothing to see here...

Risk sentiment stabilized a little today... but there's definitely no 'all clear'...

...crappy macro, cracks in the plumbing, and more 'cockroaches'

...one of the biggest 3-day short-squeezes in market history.

"...fiat money debasement going on pretty much virtually around the world..."

"...it will all be fine."

Nasdaq down 4.5% as Trump rages at 'hostile' China...

After days of non-stop gains, today's declines 'feel' considerably worse...

Perception of fundamentals matters more than fundamentals themselves... Ride the fastest horses... find the new hockey-sticks...

...markets refuse to play Washington's game.

...shorts (and gamma) squeezed.

“Government shutdowns in the US are rarely market-moving in and of themselves" 

...bullion, big-tech, bitcoin, and bonds all bid as Powell bends the knee in September

"The main focus will be the US labor market"

A slow day ahead of the government shutdown rollercoaster... 

"buy dips in equities into year-end"

"With much of the Goldilocks narrative arguably in the price now, investor fatigue is palpable"

An ugly day for the momentum crowd. 

"Markets, being addicted to Fed cuts, could experience a temporary hangover."

"...something is soaking up a LOT of liquidity."