The Precious Puke – Levels To Watch
Small Business America Is Quietly Bleeding Out
Wall Street’s Great Emotionless Drift
After a Decade of Despair, Europe Rediscovers Its Pulse
The Wrap: Magic MAGs, Gamma Gaps & Fearful FOMO
Silver’s Puke - Chased Calls, Crushed Dreams
The Great Gold Crash
The Most Stretched Market on Earth
Post-Power Talks: Dragon’s Back, Techs on Fire
Fab Five Fundamentals
Too Pessimistic? Mag7’s Low Bar and Rising Right-Tail Risk
The Wrap: AI ATH - Climbing the Wall of Worry, Fueled by Fear
AI Euphoria Reloaded - Imagine We Go Full 1999
Gold: If This Is the Bounce — Imagine the Next Leg Down
The Other AI Superpower — China’s Innovation Bull Is Back
The Wrap: Market Still Stuck, Ready to Explode – Upside Pain Next?
Remember Oil? - The Shorts Sure Do
Gold – Healthy Reset or Just Overcrowded?
The Wrap: Range-Bound & Restless — Vols Bid, Momentum Cracks and Bubbly AI
Precious Levels To Watch
Déjà Vu: The 2006 Gold Surge Ended With a 30% Crash
Gold: If There Were Signs… Well, There They Were
The Wrap: Everything Is Weird — From Precious Puke to AI Fatigue
Silver’s Melt-Up Meets Gravity - The Party’s Over
Enough Is Enough - Gold’s Euphoria Turns Dangerous
The Wrap: They Puked the Low, Now It’s Melt-Up Mode
Upside Panic Reloaded: Gold Monthly RSI Hits 93!
Santa’s Coming - And “They” Just Shorted the Lows
Fab Five Fundamentals
Wall Street Acted Like It’s a 10% Sell-Off
A Golden Madoff? Sharpe of 4 - a level usually reserved for financial fiction
The Wrap: Can’t Keep Bulls Down
Gold Mania - Everyone’s In, What Could Go Wrong?
3 Charts On The Recent Volatility Explosion
SVB 2.0? SPX’s 50-Day Breaks as Vol Erupts
The Wrap: Welcome to Extreme Fear
Liberation Day Panic Vibes - VVIX Back at Chaos Levels
Mission Accomplished? Gold Just Did in Weeks What Took Months
3 Bond Vol Charts We Are Watching
From Guns to Gucci - The Defense Trade Unwinds
AI High Turns Into Hangover? Capex Cools And Clicks Fall
The Wrap: Parabolic Gold, Stuck Mag 7, and Stressed VVIX
Europe’s Longevity Time Bomb: The Pension Ponzi Nobody Wants to Talk About
Can’t Put a Good Man Down: Volatility Refuses to Die
The Magnificent Stuck
Gold More Overbought Than the 1980 Upside Panic
The Wrap: Fragile Calm - Stress Stays Fearful
Russell Ripping - Perfect Shakeout, Monster Rebound
3 Fear Charts We Are Watching
China Tech Cracks
Fragile Markets - Friday’s Shock Still Haunts the VIX
The Wrap: TACO Trade Tested, Metals on Fire
Fab Five Fundamentals: We are so back
SPX on Thin Ice - Must Hold Soon or 100-Day Comes Fast
Broken Markets: Silver Volatility Goes Vertical as Pure Panic Kicks In
Flows on Fire: $26B Rush Into Gold ETFs
Climbing The Wall Of Worry In Europe
My 13 year old daughter went all-in on BTC Thursday
Fear Reignited — Equities Break Key Supports, Credit Cracks, Vol Surges
The Wrap: Here We Go — Volatility Monster Awakens, Leverage Bites, Bulls Bleed
Credit Cracking - HYG Sends a Warning Shot
China’s Magic Fades — Fast Money, Falling Stars & Fugazi Breakouts
The Wrap
Precious Metals — Momentum Junkies About to Get Burned?
Vol Surge = Reversal Signal? Gold & Silver Options Flash Warning Signs
King Dollar Awakens: Big Squeeze Above 99?
Have No Fear, There’s No Bubble, Says Sell-Side
The Wrap: Nothing Is Impossible — AI Mania, Gold Roars, Palladium Breaks Out
Palladium's Power Break Out
NDX vs 1999 — Can the AI Frenzy Go Full Nuclear?
Can’t Keep Gold Down: RSI Screaming, 200-Day Left in the Dust
The Wrap: Bulls Keep Dancing, But Momentum’s Fading
Calls Gone Wild: Bullish Bets Near Record Highs
King Dollar Awakens? Gaps, Shorts & Seasonality Collide
The Wrap: Kamikaze Yields, Gold Roars, SOX Melts Up
Sexy SOX: Overbought, Overloved, Overheating?
Bondquake in Tokyo
Fab Five Fundamentals
A Meloni Market
Gold Loves Tokyo’s Bondquake
Overweight - not morbidly obese
Largest Nasdaq/S&P Gap Since Dot-Com -Enjoy the Quality Melt-Up
The AI Boom That Ate the Economy
The K-Shaped Economy: Why America’s Bottom Half Is Falling Behind
Bond Vol Implodes, SPX Cheers
The Wrap: FOMO Mania Meets AI Nuclear Fever
SPX 7300+, FOMO and Melt-Up Déjà Vu
The Wrap: Calls Chased, Puts Puked, and Squeeze Manias
Bitcoin 'Undervalued' by at Least $50-60k
Unstoppable China Tech: Got KWEB?
Down Candles, Hanging Man & Shooting Star - Is Gold In Trouble?
The Wrap: Put Hate, CAPE Stretches, Metals Melt Up
Sexy Silver Surges as AI Needs Shine
Magnificent Miners Go Parabolic
Granolas: From Market Darlings to Value Play
Double Tops Loom as VIX Fragility and CTA Convexity Build
The Wrap: NVDA Smashes Resistance, FOMO Builds, Convexity Risks Loom
Gold Exhaustion? Shooting Star Flashes As RSI Screams Overbought
China Tech Breakout: BABA Leads, Sideline Cash Chases
The Wrap: Gold Roars, MOVE Snores, Upside Gets Gamma Violent
Hate the Politicians - Date the Stocks
Too Calm? Bond Volatility Dead While Gov’t Shutdown Risk Builds
Now Is the Time to Buy the Dollar
Gold’s $4K Magnet: ETFs Roar, Officials Keep Buying
Banker's Ball
Fab Five Fundamentals
The 10 charts you need to know this Monday morning
Is it too early to start talking about a year-end melt-up?
The Wall Of Worry: Melt-Up Now, Capital Destruction Later?
Soggy BTC: Nearing The 200-Day - Should The Market Listen?
The Wrap: Breakouts, Bruised Bets and Bubbles
So Far, Just a Dip – Or the Start of Something Bigger?
Parabolic Silver: Froth Meets FOMO
Who Needs AI When You Can Have Defense?
The Wrap: Can’t Put a Good Market Down?
Dollar Trap: Specs Short, Squeeze Brewing
BABA Boom Meets China’s AI Fever
Tiny Tech Bubble Vibes: Nothing Impossible, Right?
Nobody’s Hedged For Real Gold Panic
Big Pain In Small Caps
Euphoria Kicks In: Momentum vs SPX Looks Like 2020 All Over Again
3 Silver Charts We Are Watching
Gold: Another Day, Another ATH...Specs Still Don’t Get It
We Have Heard That Stocks Can Also Trade Down
Big Trouble in Little China
Fab Five Fundamentals
Retail Army Goes Parabolic: 10 Straight Green Days and Counting
Lower every time this happened
The Wrap: Brutal Bull - Overbought Everywhere
$6,600 Gold? History Says Yes
Kill Bond Volatility: MOVE Crashes, SPX Feeds
China Bull… But Most Missed It
The Wrap: Upside Panic - Russell Rips, Most Shorted in Carnage Mode
Gold: Overbought, Overvalued, Overcrowded
Dead Brand Walking? Tesla Goes Parabolic As Fundamentals Collapse
The Wrap: Weird NASDAQ Candles, Russell at Resistance
Roaring Russell Hits Resistance
China Tech Explodes: FOMO Next
Achtung: DAX Cracks Below Range
EM Mania Now, Mean Reversion Later?
The Wrap: FOMO Rally Faces the Fed
Gold into FOMC: Unstoppable, Overbought
The Wrap: Tech Buy-In Meets AI Mania
Put Seller Party: What Could Possibly Go Wrong?
Fed Cuts, Fed Fear Fuel Gold Fire
The Seven Charts Goldman's Macro Trading Team Are Watching
Fab Five Fundamentals
The drugs start to feel like they are decaf
$4,000 Gold - Conviction Buyers and the “Forever Bid”
The Wrap: AI Euphoria Meets Put Hate
AI Bubble Hype? Credit Says No
Decade of Pain, But Will Small Caps Bite Back?
3 Bond Volatility Crash Charts That Matter
AI Can’t Run Without Silver
All This Bull, Sentiment Still Stuck
Blocked – Bitcoin’s Back Door Slammed Shut
Speculation Runs Hot, China Can’t Cool Down
Swipe Now, Moon Later: Has Sweden produced a new Spotify:esque stock darling?
The Wrap: Beyond AI - Downside Convexity, Buybacks Rolling Over
No AI, No Alpha
Asian Tech Breaking Out Everywhere
The Wrap: Divergences Flash Red, China Tech Breaks Out
Generals Don’t Lie: Last Time, SPX Sold Off
China Tech: Is This The Breakout Moment?
Mighty Russell: Years of Pain, Now Payback?
Lumberrrr Crash — 3 Charts We’re Watching
The Wrap: Inverse Fear – Cheap Puts on the Tape
Fab Five Fundamentals
Gold Goes Parabolic as Fed’s Credibility Burns
Is the Narrowness a Feature or a Bug?
Where Are We on That European Tactical Long Trade?
The Rich Hate Cash, Retail Army Loves Tech
The Wrap: NVDA Crashes, VIX Seasonality Hits - Can Markets Stay Immune?
Gold's Gamma Squeeze Is ON
You Can’t Put This Bull Down — China Roars Back
The Wrap: $1.5Bn Daily Buyback Bid Vanishes Just As Bond Vol Explodes
If only there were signs...
China’s Market “Exponentialism” Just Got Halted
The MOVE Index Just Screamed a Warning. Did You Hear It?
The Wrap: Overbought Gold, Oversold NVDA — Two Giants at Extremes
Contagion Live: JGB Explosion Fuels Volatility, Gold Surge
Contagion Live: JGB Explosion Fuels Volatility, Gold Surge
The Wrap: SPX Breaks Down, NVDA Cracks $170
Gold Breakout Goes Relentless
VVIX Screams Risk — Crowd Still Short VIX
China’s All-In FOMO
Rising Yields, Rising Fear: Bond Vigilantes Return
Comfortably worst
CTAs Maxed Out Again at 100th Percentile and Would Have to Sell >$70bn Over the Next Month in a Down-Tape
From First To Worst
Fab Five Fundamentals: Follow The Money
3,451 Cracker Barrels
The Wrap: BTC Cracks First — Tech To Follow?
China Flows on Fire – Shorts Burning
EU Luxury: From China Proxy to Catch-Up Play
The Wrap: NVDA Stalls, China AI Soars, Gold Loads
Gold – Specs Sold, CTAs Forced to Chase
Russell's Revenge
China’s AI Bubble Goes Full Mania
Missing expectations for the first time
Keep Dancing… Until Yields Break It
Shorts and Sceptics Fuel the Russell Squeeze
VIX Shorts at Extremes – Crash Risk Rising
The Wrap: Can’t Put Russell or Gold Down
Gold – Tic, Tic, Boom
Dollar Death Cross – And Then We Ripped
China Roars, Bitcoin Snores, JGBs Soar
Managements voting with their shareholder's money
China: Mother of Breakouts, King of AI
The Bullish Ph.D Says Time to Take a Breather
Where are the bulls?
The "things can only get less worse" long trade in Europe
Do Or Die For Healthcare
If you see a bubble, ride it...
Better than Tech
Please mind the gap between the AI hype and reality
Everyone Short Russell… What Could Go Wrong?
Shanghai Squeeze – Upside Panic On
Emerging Markets: Travel & Arrive
The Wrap: AI Bubble = VIX Time Bomb
The Risk Everyone’s Missing
Greed and Fear on Steroids
The Kanye–Chamath Top
The $4,000 Gold Dream: One Peace Deal Away from a Putin Punch
Too Much, Too Fast: Panic or Buy the Dip?
AI Won't Die Overnight
Gold Ready to Explode? Fear Says Yes, Cheap Volatility Is the Trade
Shanghai Roars, China Tech Snores — The Laggard Trade?
NVDA Cracks, AI Smacked, Tech Attacked
AI Mania, CAPEX Boom, and Mega-Cap Concentration — Too Big to Fail or Too Big to Fall?
Retail Chasing, Pros Fading, Crypto Wobbles, Edge to Hedge
Calm Before the Storm? Vol Bargains, VVIX Screams, Seasonality Looms
"We see immense value in owning hedges thru the rest of summer"
Russell earnings revisions breaking out for the first time in 3 years
Semis eating software
The bull is on ketamine
Fab Five Fundamentals
Market – Rich, Stretched, and Crowding Fast
ETH Fever: FOMO, Treasuries Buying, and $25K Price Targets
Tech at Dot-Com Extremes, Retail Roars, Skew Screams, and Cash is Gone
EM Mania – AI Eats Commodities, EM Prints It
UAL Soars as Premium Carriers Tighten Their Grip
Nasdaq Tops Dot-Com Era in Historic Valuation Surge
Russell Roars and Pain Trade Risk Builds
AI CAPEX Mania – Tech Titans Outspend the Rest of the Market 2-to-1
3 Silver Charts We Are Watching
2020 Vibes – Bare Positioning, Brutal Upside Risk
Russell Shorts Roasted, NASDAQ Boasted, VIX Ghosted
Europe’s Defense Bubble Runs Out of Bullets
Hedge Funds Slash Risk, Torch Russell, as Buybacks Go Brrr
ETH Mania Meets Corporate Hoarding — Stash Could Surge 10x
ChatGPT kicking those 30-year olds back into mom's basement
Mediterranean Melt-Up
The Flow To Know
Fab Five Fundamentals
So many doughnuts
Apple’s Back, Chat Is King, Fear Is Dead
Green Shoots of Froth
The "Lagom" Market
SPX Climbs the Wall of Meh – No Fear, No Greed, Just ‘Lagom’
Dollar Bounce Brewing?
Bounce? Done. Fear? Gone. Greed? Missing in Action
When healthcare was healthy
Vol Crushed, Puts Puked, Dealers Forced to Chase
Gold Specs Tap Out, But Gold Isn’t Done - Miners Know Something?
From AI to Importing Electricity — Time to Nibble Europe?
Yields Cornered, Vol Crushed, Equities Drift — But It’s the Pace That Moves Markets
Squeeze Chasers Stalling as Firepower Dries Up
Earnings on Fire: Breadth Surges, Tech Leads, and the US Stands Alone
SPX Holds the Line After Massive De-Gross
Taking a Bite: Buying Rotten Apple at Peak Pessimism
FOMO Meets Fear of Drawdown — Volatility Reawakens
911 dialing 911
Checking In on That Sweeney Top
The Two Tailwinds For The Bulls
The Boomer Cash Ain't Helping
August Anxiety Arrives
The crazy charts and huge numbers that make you go WTF
We Can't Shake That Sweeney Top
Death Cross & Short Squeeze - Dollar’s Revenge
The Sydney Sweeney 100% Top: As Good As It Gets
USD: From RIP to Ripping
AI Capex Mania (Spoiler: We’re Getting Dumber)
Is Goldilocks With Us in the Room Right Now?
Throwing up the GRANOLA
"Sick of this frustration and tapping out"
Deportation Nation: $170B War Chest Fuels Trump’s Record ICE Dragnet — Obama’s Numbers Now the Floor
Breadth is bad and that is good
Postcard from Warsaw
Europe Is at Risk of Sliding Into Economic Irrelevance
Who's going to buy your stocks here at ATHs?
China Stocks' Stockholm Syndrome
How low can the healthcare sector sink?
"Buy calls"
Even Melt-Ups Deserve a Devil’s Advocate
Bro Billionaires vs. Base
I'm A Singleton, I'm A Singleton
Miss Market Wants To Squeeze You
Postcard from Madrid
"Germany Is Back"
Your ex-girlfriend was right: Size matters
Throwing Up The TACO
Gone Streaking
The Monster That Is OpenAI and How Elon and Apple Could Counter
Don't shut up Dan Niles...
Brussel's Got Balls
"I’m not inclined to pick a big fight with either of those"
King of Bro's netting close to $10bn in BTC
When +35% Feels Weak: Froth Rises and the Market’s Begging for a Breather
Tariff Risk at Zero, Protection Cost at Lows—What Could Possibly Go Wrong?
Emerging Markets Regain Momentum
The Gold Grab Isn't Over—But the Smart Money Might Be Looking at Silver
Dollar Snapback: From Widely Hated to Painfully Ripping
Heresy in the House of Bull: Seven Unholy Esoteric Signs the Rally Might Pause
NVDA Eating Europe—Still No Real Euphoria
Tech Euphoria Meets Historic Fund FOMO
Massacre in FX: JPY Longs Panic, Dollar Shorts Scramble, Euro Melts
Golden Cross Deja Vu: 2020, 2023... 2025? The Melt-Up Playbook Reloaded
Calling All Contrarians
Everything’s Ripping—Until It Isn’t: Systematics Chase, JGBs Crack Bonds, BTC Wobbles, Dollar Awakens
Postcard From Munich
Parabolic Panic: Japanese 30Y Yield Is a Bigger Threat Than Markets Admit
BTC Rockets into Overbought Stratosphere—Classic Vacuum Move
Who Are You?
NVDA: Both very magnificent and very overbought
Summer Melt-Up Set-Up: $7 Trillion On The Sidelines Eye NVDA & BTC...
Breakouts Everywhere: BTC Booms, Metals Squeeze, NVDA Mania, Frothy Flows – and a Sell Signal
Gold Locked & Loaded: Eyes Breakout as Volatility Hits Lows
Moon Mode Melt-Up: BTC Breaks Out, $200K in Sight
Melt-Up Madness – Vol Collapses as Complacency Soars
If Something Cannot Go On Forever, It Will Stop
Make the Dollar Great Again – Shorts Could Get Steamrolled
Complacency Rising – Volatility Squeeze Ingredients in Place
This is a great set up for the melt-up trade
Easy Money, Forced Buyers, Melt-Up Mirage – Mind the Trap Doors
MOMO Meltdown – Is This Just the Start?
European Defense Euphoria – Breakout or Fakeout?
Market Has Ignored Worsening Macro
Fluid in Tokyo, Frothy in S&P, and Q3 Vol Lurking
Dollar Bears Beware – You’re Not Early
Tick…Tick…Tick — Japan Bond Market’s Fuse Is Lit
Extreme Dollar Hate, Extreme Stock Greed — And Zero Fear
Neutral-ish Exposure, Extreme Greed, and Extinct Shorts
Dollar Despised — But No New Lows in a Week
Drink Them, Date Them, Trade Them...
Stars & Stripes Is Back — The Death of US Exceptionalism Was Greatly Exaggerated
Extreme Greed Returns: Bulls Giddy, Shorts Gutted
Russell Rips: Shorts Torched as Laggard Goes Leader
Selling AI
The Most Stretched Positioning Levels In A Few Years
Dip Buyers Dominate as Market Sucks Shorts Out
Decision Time: BTC Coiled for a Breakout?
MOVE Won’t Die — Bond Volatility Creeps Back
Regional Banks Reawakening
Momentum Massacre: AI Crushed, Laggards Roar - DeepSeek Déjà Vu?
Dollar Death Cross or Dead Cat Bounce? Buyers Strike Deepens
Gold’s Range Games: Breakout Looms as Dollar Cracks
