Unhedged Capital

This is what a buying panic looks like: S&P call skew is at all time highs (everyone chasing upside via calls, also behind "spot up, vol up"), while nobody has any downside protection

BREAKING: Money market funds posted +$136 billion in inflows last week, the largest weekly intake since January 2026. This is also the 2nd-largest weekly inflow since the beginning of 2025. This follows -$175 billion in outflows in the preceding week, the largest weekly withdrawal on record. As a result, the 4-week average of outflows stands at -$45 billion, the 2nd-largest on record. Meanwhile, investors allocated +$25.9 billion to bonds last week, with Investment-Grade bonds alone attracting +$16.4 billion, the largest weekly intake since January 2026. Investors are shifting capital after a historic run.

IRAN'S NOUR: CLASHES ONGOING BETWEEN IRAN, US SHIPS NEAR HORMUZ

👁️ You asked for the timeline on the PDT rule change; June 4 is the day. Our teams are standing by and ready to go.

The Yale professor who accurately predicted the entire Iran war just said World War III is about to start with 90% certainty. He explained exactly how it starts, who triggers it, and why NOBODY can stop it. Professor Jiang made 3 predictions in 2024 that all came true: 1. Trump would win the election 2. He would start a war with Iran 3. The US would lose that war Now he has made 8 NEW predictions and every single one is terrifying... The war in Iran was never about Iran. It was about saving the US dollar. America's empire runs on the petrodollar where every country must use dollars to buy oil. But when America froze $200 billion in Russian assets after Ukraine, it told the world the dollar is a political weapon. So Russia, China, and Iran started building a trade bloc to ditch the dollar entirely. These 3 countries cover the entire Asian continent and can build railways connecting their economies while cutting America out. Trump's plan was to bomb Iran's leadership and watch them surrender like Venezuela did in January. But Iran is a mountain fortress with 92 million people and 31 independent armies across 31 provinces each designed so no single strike can wipe them out. 6 weeks in, decapitation failed. Iran closed the Strait of Hormuz, attacked US bases across the Gulf, and started charging ships $2 million per crossing to fund their war. And here's where it becomes a world war... Russia's grand strategy is the Third Rome doctrine. If Iran falls, Russia's southern border is exposed and both Russia's trade corridor and China's Belt and Road run directly through Iranian territory. Losing Iran means permanently losing access to the Middle East and Africa. So Russia enters the war. When Russia enters, China follows. They reinforce Tehran from east and north, provide financing, and Russia puts Iran under its nuclear umbrella taking tactical nukes completely off the table. Professor Jiang put the probability at 80 to 90%. And while the world watches the Middle East, North Korea is making its move: The US pulled THAAD missile defense out of South Korea for Iran operations. Seoul sits 20 minutes of artillery from the North Korean border with 25 million people exposed. North Korea doesn't even NEED to attack. They just threaten. South Koreans are rich with everything to lose. North Koreans have nothing to lose. Simple extortion. Nobody is coming to help because America is stuck in the Middle East. But the prediction that will BREAK the internet is this one: Trump gets a THIRD term. Professor Jiang laid out two constitutional loopholes. First is Trump runs as VP under Don Jr. or Vance, they win, the president steps down, Trump takes over through succession. The 22nd Amendment bans being elected president more than twice but says nothing about becoming president through succession. The second option is even simpler: By 2028 America is at war on multiple fronts with a draft in effect so Trump invokes emergency war powers and delays the election just like Zelensky did in Ukraine. And the draft is already real. Automatic registration starts in December. Males 18 to 24 are entered into the system automatically. The Department of War literally PUBLISHED the playbook online: - Secure the Western Hemisphere as US territory which explains Greenland, Canada, Venezuela, Cuba, Panama - Force NATO to fight Russia - Strangle China through maritime choke points - Convert civilian factories into weapons production (the Pentagon already told Ford and GM to prepare to STOP making cars and start making munitions) His final advice was genuinely one of the realest things I've heard all year: We will need leaders. Not politicians or billionaires. Average people who knock on their neighbor's door during a blackout and say let us figure this out together. Because when empires collapse, and he believes America's collapses within 10 years, the people who survive built community before they needed it.

IRAN REJECTS U.S. STRAIT OF HORMUZ DEAL AS ‘UNREALISTIC’ Senior Iranian official Mohsen Rezaei said Tehran will not accept a U.S. plan to reopen the Strait of Hormuz unless it includes reparations for war damage. He rejected Washington’s proposed framework, saying Iran will not accept symbolic concessions and insists on “tangible benefits” in any agreement. Rezaei added that Iran will continue its “resistance,” signaling no softening in its stance despite ongoing negotiations.