markets
"That Is Going To Build Into A Massive Problem": Sunday Night Thoughts From Goldman's Commodity Desk
"I am concerned about the scale of the Open Interest (OI) in the options market…. If we look at the move in the vols that have happened over this week, they have been enormous… I do not think that option position has cleared…." - Goldman on Nat Gas
His decision comes four months after his congressional district was redrawn to favor Democrats.
The gold market is quietly escaping central bank control
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Lee said in the government would "swifly implement and boldly impement" a maximum price system on petroleum products.
"The market narrative centers on life insurers as a conduit for private credit risk and on the growing web of ownership and distribution ties between insurers and alternative asset managers."
...with $5 gas imminent, he better be right!
"Trump approval on economy (40%) & inflation (36%) back at lows (Chart 2), must reverse 45% jump in US oil prices, 15% jump in gasoline prices"- Hartnett
...the quantum of things to be nervous about continue to increase and the largest problem in my mind is that none of them have a clear off-ramp...
If the credit risk is already mispriced too aggressively, then we have nothing to fear. If we haven’t reached that stage, then we have a lot to fear, which is what my concerns about...
Until that gap closes... it argues for respecting downside convexity even if the index itself hasn’t fully cracked yet...
...this shock may ultimately fade like others before it. But not until positioning de-crowds or leadership re-accelerates...
"The last time we witnessed this phenomenon was in 2005 when crack spreads of as high as..."
China now faces a different set of challenges for both its power network and industrial economy.
“I’ve gotten tax cut after tax cut after tax cut. And I never needed any of them,” the Disney heiress told Bloomberg.
FYI: HIMS' float is 39.65% short, or 81 million shares

It’s not its destruction, but the digitization of dollar dominance...
"Somebody must have some serious dossier on this guy..."
...biggest weekly spike in oil prices...ever!
Did the AI capex bubble just burst while Iran and private credit already have the market volatile?










































