Stephen Lee

@Chillin_In_NW @zerohedge that's a million dollar question

@Go_Crene @zerohedge Sure but the question is, how big and how long is the flush?

There's the flush: "LOs net sold -$9.6bn across our floor today and ran a 50% sell skew (most of this within LT/PT channels). That is the largest day of net selling in our data set's history going back to 2022 and a 5 sigma event." - GS

@BenBrey Rates markets break quietly before equities react.

All Timer Bear Flattener we just saw in Gilts…. Someone definitely lost their seat - probably numerous people. Big Flattener in the UST curve also but nothing compared to the Gilts Flattener.

@GlobalMktObserv Crowded shorts are just delayed buying pressure.

‼️Hedge funds are shorting the US market at an accelerating pace: Hedge fund short positions in US-listed ETFs spiked +10% on Thursday, the 2nd-largest one-day increase on RECORD. The only bigger spike came during the April 2025 SELLOFF👇 globalmarketsinvestor.beehiiv.com/p/us-stocks-po…

@oriental_ghost Gold crashed so hard people started panic buying it.

Gold plummeted and China big buying. The daily limit is only 600kg of gold bars for banks in China to sell, and 100kg on weekends. Sales start at 9 am per day and sold out within a minute. Source CCTV.

@abcampbell Conviction falls when models stop working.

knightian uncertainty abounds

@market_sleuth Not every winner needs an AI narrative.

FedEx stock went up $32 AH on earnings today & hardly any talk of it. There’s stocks like that which get little fanfare because they’re not in the Ai space. It’s been a great hold for a long long long time. 💯

Big bets build future margins.

@vandell33 Oversold signals appear before relief rallies.

The S&P 500 is now trading below its 20-week EMA, and today Jim Cramer called the market “very oversold".

@KobeissiLetter CapEx fears often rise near peak innovation cycles.

Wall Street is becoming increasingly concerned about Big Tech CapEx: 22% of global fund managers now believe companies are deploying too much CapEx, the 2nd-highest on record. Since 2005, the only higher reading was 33% in February 2026. In the prior 20 years of the survey, fund managers had never been concerned about firms overinvesting. By comparison, 70% of participants believed companies were investing too little in 2017. Not even the 2008 Financial Crisis saw such elevated CapEx concerns, when 10% of participants said firms were spending too little. Institutional investors are growing concerned about big tech CapEx.

@calvinfroedge Agricultural volatility widens inequality risks.

Like I said, I'm not saying global famine I'm just saying it's never been more likely No / far more costly fertilizer in the parts of the world where the weather doesn't suck And terrible weather in the US

@Sino_Market Confidence returns in waves after crisis peaks.

Netanyahu Signals Swift End to Iran Conflict, Cites Air and Ground Operations Benjamin Netanyahu said Iran no longer has the capacity to enrich uranium or produce ballistic missiles after 20 days of war. He noted remaining missiles are few, pledged to target Iranian leaders, and said air strikes alone are insufficient, with a ground component being considered. Netanyahu asserted the campaign will end “much sooner than people think” and claimed Israel has become a regional superpower. He added Israel is assisting the US to reopen the Strait of Hormuz. (mktnews.com/flashDetail.ht…)

@ZeeContrarian1 why $MDWD?

Thursday moves: Closed $QQQ March 620(B 1) - 580 (S 3) put ratio spreads that were used as a hedge - contributed 7% to the portfolio over the past month! Replaced with $610 (B 1) – $568 (S 3) spreads for April. Started a position in $STAA and increased it to 10% of the portfolio. I believe it will be sold within the next two years for well north of the $30 per share recently offered by $ALC, which was rejected. New position: $BABA 5% at 125 New position: $NVDA 5% at 178 Small increase in position: $MDWD

@FirstSquawk Oil at extremes reshapes capital allocation.

WSJ reports Saudi Arabia sees oil prices potentially spiking to $180 if the energy shock persists beyond April.

@TheShortBear Cycle winners build infrastructure not hype.

Hyperliquid now trades more oil, gold, and silver than crypto. People will eventually start to realize crypto isn’t about crypto but about offering a more realistic and efficient infrastructure for any type of exchange. That goes from proof, reputation and alike to trading, real world assets and more. Hyperliquid is killing it. Look at that chart, green in a see of red.

@FirstSquawk The market giveth. Margin taketh away.

BENJAMIN NETANYAHU SAID ISRAEL WILL STOP TARGETING IRAN’S ENERGY INFRASTRUCTURE AFTER A REBUKE FROM DONALD TRUMP, AIMING TO REDUCE ESCALATION AS ATTACKS ON ENERGY SITES DROVE OIL PRICES SHARPLY HIGHER.

@StockMKTNewz AI infrastructure is now strategic infrastructure.

Nvidia $NVDA just put out a statement about the news: "Strict compliance is a top priority for NVIDIA. We continue to work closely with our customers and the government on compliance programs as export regulations have expanded. Unlawful diversion of controlled U.S. computers to China is a losing proposition… across the board—NVIDIA does not provide any service or support for such systems, and the enforcement mechanisms are rigorous and effective."

@FirstSquawk Momentum reversal loading.

Oil Falls Amid Prospects of Removal of U.S. Sanctions on Iranian Oil at Sea-WSJ

@zerohedge Oil markets punish late conviction.

Brent down $15 from today's session high

@draken1721 @zerohedge about time

@zerohedge Bezos reinventing himself again 💀

Bezos Plots Colossal $100 Billion Fund To Transform Companies Using AI: WSJ zerohedge.com/ai/bezos-plots…

@zerohedge bezos making moves