"The next move of the Federal Reserve remains the focus of attention"

...with all eyes on Jensen's big night on Wednesday.

"It’s clear that Fed is prioritizing the job weakness concern over inflation."

Well that escalated quickly...

“If the Fed doesn’t cut in September, markets will drop because they’re expecting the Fed to do something"

"What we are currently seeing is profit-taking and a natural flight to quality"

BTFD is back (for now) thanks to VIXperation effects at the open...

...momo, meme, Mag7, crypto, gold, and oil all hammered as bonds and the buck bounce...

"With much of it priced in already, equities may need a new catalyst"

...momo meltdown reaches 8th day of pain... as Gamma goes positive... amid summer doldrums.

"Caution is warranted in the face of unexpected political shocks and historically stretched valuations"

...mixed macro, maniacal meme stocks, massive OpEx, momo meltdown...

"In this market bad news is good news" 

...crypto carnage, bond bloodbath, but stocks meh...

"We’re constructive about the market, but we’re not looking to add more at these levels"

Retail run, Russell wild, Bitcoin highs, Ethereum accelerating, but momo meltdown...

"Quite simply there is a momentum drive higher here" 

...sentiment remains notably weak... ethereum soared... uncertainty tumbled...

“What worries us is a rotation that could happen in the ‘market bullish’ scenario of a benign CPI”

...'dash-for-trash' continues ahead of a potential CPI scare tomorrow...