Tom Lee, CMT

The mother of all collapses is upon us tomorrow.

@colin_gladman @colin_gladman need to make that jon hamm meme w your face

$VIX PIVOT FOR TMRW (3/27) is $26.34 MAIN $VIX level you need. T1/T2🐂🐻 be sent tmrw. $VIX FURU has spoken Not financial advice.

Market ripping back to levels not seen since 3:45 today. Generational wealth inbound. I’m so bullish I’m shaking. $SPY $QQQ $IWM

Rising Liquidity Risk into April Tax Season: Historically, sudden declines in reserve balances held at the Federal Reserve, such as those driven by seasonal tax drains, have coincided with sharp increases in short‑term funding stress. One of the clearest ways to observe this stress today is through the spread between the Secured Overnight Financing Rate (SOFR) and the Overnight Bank Funding Rate (OBFR). There are many ways to gauge liquidity pressure, but SOFR-OBFR stands out because it is simple, intuitive, and easily accessible through FRED at no cost. SOFR represents conditions in secured overnight repo markets, whereas OBFR captures unsecured overnight bank funding costs. The SOFR-OBFR spread therefore provides a clean, market‑based measure of liquidity strain across the two core segments of overnight funding. When the spread widens, secured funding is tightening faster than unsecured funding—an early warning sign that reserves are becoming scarce and repo markets are starting to feel pressure. In the attached chart, the red arrows highlight these widening‑spread episodes. Beginning in Q3 2025, reserve balances fell sharply following the federal government shutdown, reaching new local lows. At the same time, the SOFR-OBFR spread began rising steadily, indicating mounting tension in funding markets. This tightening may have been amplified by the effective exhaustion of the Federal Reserve’s Overnight Reverse Repo (RRP) facility, which previously held more than $2.5 trillion. The loss of the RRP backstop removed a major post‑pandemic liquidity buffer that had helped stabilize overnight rates by absorbing large volumes of excess cash. With the RRP facility now empty, changes in reserve balances feed more directly into night‑to‑night funding conditions, making the SOFR-OBFR spread a more sensitive and reliable indicator of strain. This leaves the system in a vulnerable position ahead of the April 2026 seasonal tax drain. Reserve balances remain roughly 13% below their levels from a year earlier, and another tax‑related drawdown could trigger a renewed widening in SOFR-OBFR, signaling a re‑acceleration of short‑term funding pressure. At the same time, money market fund balances have been flat throughout 2026, indicating limited incremental cash available to support repo markets or provide leverage to hedge fund strategies. With both liquidity and balance‑sheet capacity constrained, hedge‑fund financing channels may come under further pressure in the coming weeks. This could prompt additional deleveraging, reductions in equity and macro exposures, and could amplify downside volatility in equity markets if funding stress intensifies.

Bullish downtrend

You guessed it, bullish.

they killed sora before meek could use it

🔴هــــــــام /ما حدث بين الإيرانيين والأمريكيين بدأ يتكشف: لم تكن هناك أي محادثات حقيقية أو مفاوضات مباشرة بين الطرفين. كل ما حصل أن الأمريكيين، عبر الباكستانيين، بعثوا برسالة تضمنت 15 شرطًا لإنهاء الحرب، على أمل أن ترد إيران. إيران ردّت عبر رئيس البرلمان الإيراني، مؤكدة أنها تطرح شروطها هي لإنهاء الحرب، والتي تتضمن دفع تعويضات، ومناقشة وضع جديد لمضيق هرمز يسمح لها بتحقيق عائدات من عبور السفن، إضافة إلى إخلاء القواعد الأمريكية في المنطقة. أما الشروط الأمريكية، والتي كنت قد نشرتها سابقًا ونقلتها القناة 12 الإسرائيلية، فهي غير مقبولة إطلاقًا بالنسبة لإيران، لأنها تتضمن تخليها عن دعم حلفائها، وتدمير برنامجها النووي والصاروخي بالكامل. وهذا ما رفضته إيران، وفضّلت خوض حرب شاملة على قبوله. لم يحدث أي تفاوض فعلي، بل مجرد تبادل رسائل عبر وسطاء. هذا هو الواقع، لا أكثر ولا أقل.هذا ما حدث

Boomers weren’t quite done with the fucking over Millennials

@SnowballHustle @colin_gladman Low IQ much?

@Tomlee @colin_gladman Ur mom does 🤣🤣

Oh my gosh. I’m so sorry. I didn’t realize it was you were actually retarded. Apologies.

@colin_gladman @SnowballHustle @SnowballHustle TDS TDS TDS. Brother who pays for tariffs?

@colin_gladman @SnowballHustle, do you get paid to lick Trump's boots? At least Colin isn't a sycophant. While you are retarded.

@Swedishleo1 @colin_gladman I voted for Kamala and got higher gas prices. So he was right

@Tomlee @colin_gladman We don't understand why you voted for him either, but you did.

How do you not listen to this and just think, “Dude is such a loser”. Like… who talks like this? lol 😂

@Swedishleo1 @colin_gladman And the majority of people are retarded including you

@colin_gladman He was elected president, so the majority likes him...

We've seen that before...

@Investor_NICK_ This is bullish right?

What an absolutely disgusting print by Philly Fed index this morning. Nonmanufacturing employment index just completely fell off a cliff.

$VIX isn’t done $WTI isn’t done $VVIX isn’t done 10 year isn’t done I will be right.

@Simply0DTE it aint bro go back to bed

If market flips bullish for tomorrow I am 1000% eyeing $MU calls off $400 neg gamma node Node drawn out on chart for viewing purposes

🚨🚨🚨🚨عاجل عاجل إنقطاع الكهرباء عن بعض المناطق في الكويت

Once the market closes we can do war again But we have to make sure we stop warring before the market opens tmrw And then we can war again after its closed