AnnL

Says it all.

Investor demand for downside protection is plummeting: The average 3-month put-to-call skew of S&P 500 single stocks is down to 0.04, the 4th-lowest reading over the last 20 years. This measures how much more investors are paying for downside protection via put options than for upside exposure through call options. The lower the reading, the less investors are paying to protect themselves against a market decline. The average 3-month put-to-call skew has fallen -75% since March, posting the sharpest drop since April-May 2025. This metric is even lower than during the 2021 meme stock frenzy. Investors are no longer thinking about downside risk.

@Bitcoin_Teddy How do people take this serious?

Michael Saylor gave his updated Bitcoin price predictions: • $150,000 by end of this year • $1,000,000 over next 4-8 years • $20,000,000 over next 20 years

@disclosetv Fink only cares about the fees people pay. He'll say anything.

NOW - Blackrock's Larry Fink says he has "relooked at his assumptions" about crypto, that it's "not a bad asset," and "there is a role for crypto, in the same way there's a role for gold."

@SpencerHakimian Trump's personal BJ assistant.

What is your opinion on Laura Loomer?

@MCarbonaraFL Necessary

🚨 YES: Illegals committing welfare fraud are now to be DEPORTED IMMEDIATELY. THIS IS EXACTLY WHAT WE WANTED.

@SpencerHakimian It should be Trump's Golden Age of Grift

Why has Trump failed so badly in his 2nd term?

@DougKass Not surprised when he idolizes a pedophile.

What has happened to our country?

Trump: We have reached an agreement with Ir… Traders:

@RepMikeLevin Not sure why the Maga's never have any clarity on any of the Trump and Trump family corruption. It's astounding.

Not enough people are talking about this. A Florida airport was renamed after Donald Trump. He walked away with the trademark, the licensing rights, and a deal that lets him profit off every piece of merchandise sold there. But the story of how he got it is even worse. County staff told commissioners that rejecting the name change would put state transportation funding at risk. DeSantis has already removed state attorneys and school board members who dared to cross him. That is the reality the Democratic commissioner who cast the deciding vote was living in when she made her choice: hand Donald Trump control of a public airport or watch Florida Republicans strip funding from the very people she was elected to represent. That is absolutely insane. Florida Republicans handed Trump a money machine and called it a naming rights deal, and the people of Palm Beach County never got a say in any of it. theguardian.com/us-news/2026/m…

@profplum99 Mike wish you could do a deep dive into the implications of the 401K with the automatic addition of bad private equity debt into their target date funds. As JP Morgan and others unload their bad debt to institutions and ultimately the blind retail 401K bag holder.

First they mock ewe

@angelaroosee Ilhan and Ellison

Who do you want to see go first? Keith Ellison, Tim Walz, or Ilhan Omar?

@AndreasSteno I really enjoyed the recent podcast, your take on the repo market cleared up much of the market dynamics for me. And, btw, I like your Chewbacca look.

@nickshirleyy @GovTimWalz @IlhanMN Thanks to you and David unearthing it all!

🚨The Minnesota fraud empire is falling: Yesterday 15 fraudsters were charged and $90 million was busted. The MSM tried to cover for the fraudsters. @GovTimWalz called it "white supremacy" to expose it and @IlhanMN is completely SILENT. Independent journalism defeated an entire fraud network upheld by billions of dollars with support from corrupt politicians who allowed this fraud and the MSM who failed to report it. Major win for America and hardworking law-abiding taxpaying citizens. This is just the beginning. Arrest them all.

@nickshirleyy You shed the light, thank you

CBS News said there was no evidence of fraud. The NYT said the Somali community was being targeted CNN said there was "little evidence." Tim Walz said it was “white supremacy” to expose fraud Today: $90M busted and 15 charged. IT WAS ALL FRAUD AND THEY KNEW.

@JDVance @WhiteHouse Nice work JD

Today, the task force and the DOJ announced a massive take down of two of the largest Medicaid fraud cases in Minnesota state history, as well as the largest autism fraud scheme ever charged by the federal government. Our message is simple: if you’re committing fraud, we will find you, and we won’t rest until justice is served.

@adamtaggart Recently binged Silos with the husband. Sorta like a more dystopian Severance vibe. Was addictive.

Has anyone else here been watching Colin From Accounts? My wife and I are halfway through the first season It's quite funny, cute & enjoyably inappropriate

@DeItaone As compared to a spoiled toddler?

BEZOS: I THINK TRUMP IS MORE MATURE, MORE DISCIPLINED

@profplum99 Congrats, apple does not fall far from the tree in this case.

Having a good day… got to go to Alfred Mahan Hall to watch the math department hand out awards. So proud of him.

@KobeissiLetter No, he most certainly will cower to Trump. That was the deal.

By far, the most incredible part about this market is the fact that the base case now shows incoming Fed Chair Kevin Warsh HIKING rates as his first policy move. These are market-implied interest rate futures, actively betting that rate hikes are coming next. President Trump spent the last 12 months threatening to fire Jerome Powell for not cutting rates. He also said cutting interest rates was a “requirement” for the next Fed Chair and was actively calling for 1% interest rates. Is Kevin Warsh actually about to raise interest rates after what happened over the last 12 months?