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Degens Deteriorating
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The short US bond trade is very crowded:

Short interest in the popular Treasury bond-tracking ETF, $TLT, is up to a record 150.5 million shares.

This is 10 TIMES above levels seen in March 2023, which stood at ~15 million shares.

Short interest has TRIPLED since 2024 despite the $TLT price remaining flat over this period.

Long-term Treasuries have been in a bear market for nearly 6 years now.

Since April 2020, $TLT has declined -40%, with the biggest drawdown reaching -47% in October 2023.

Long-term bonds are more hated than ever.

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Apparently zoomers and gen alpha are scared of pictures like these?

LOL, LMAO EVEN

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Morgan Stanley expects hyperscalers to borrow $400 billion this year, more than double from $165 billion in 2025. The offering spree will drive high-grade corporate bond issuance to a record $2.25 trillion this year

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Morgan Stanley expects the record debt issuance to push spreads wider by year-end: "We think that the playbook is similar to 1997/98 or 2005; credit underperforms, but not end of cycle."

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BREAKING:

JPMorgan cuts its target price for Coinbase to $290 from $399.

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A drag queen named Anna Molly has demanded for Arizona lawmakers to reject a bill that would make it a felony to perform drag in front of minors.

Molly says there are "zero proven statistics" showing children are harmed by drag shows.

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NEW: CIRCLE VENTURES INVESTS IN EDGEX AHEAD OF TOKEN LAUNCH, PLANS USDC ON EDGE CHAIN - THE BLOCK

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NEW: ODDS OF $BTC HITTING $100K IN FEBRUARY DROP BELOW 1% ON POLYMARKET

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Bitcoin closed January Red and is currently 12% down in February.

Bitcoin has NEVER closed January and February red.

Big pump incoming or is this time different?

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BREAKING:

$40,000,000,000 has been wiped out from the crypto market in just 30 minutes.

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What is happening with US manufacturing employment?

The manufacturing sector shed -8,000 jobs in January, according to the ADP private employment report.

This marks the 32nd consecutive monthly decline, the longest streak since data began in 2010.

In 2024 and 2025, manufacturing employment fell -154,000 and -177,000, respectively.

Since the 2022 peak, -403,000 jobs have been lost, bringing total manufacturing employment down to 12.483 million, the lowest since November 2021.

The sector has now lost HALF the number of jobs wiped out during the 2020 pandemic.

The US manufacturing sector is in recession.

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My YouTube channel has finally been blowing up, I started creating in 2023, as of today every social media account I own is going viral, I started on Twitter, and God has allowed me to grow outside of a box, nothing happens overnight, you have to believe in yourself first before you convince the world you deserve their faith.

Thank you all for supporting me from the start, I won’t let you down this year.

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