Market volatility has rarely been this high under the surface:

The 1-month realized volatility of the S&P 500 average stock relative to index volatility is up to 24 points, the highest on record.

This means individual stocks are experiencing much larger price swings than the S&P 500 index itself.

The difference is even higher than during the 2008 Financial Crisis.

Meanwhile, the S&P 500 has traded in a 2-month closing range of just 3.7%, less than half the 20-year median of 8.6%, and one of the tightest ranges in history.

By comparison, in 2020 and 2008, the range was 35.0% and 38.0%, respectively.

Institutional activity, including selling and shorting, is more consistent with the Volatility index, $VIX, at 35 points, well above the current reading of 20.

Is the index volatility set to spike?

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BREAKING: Former UK ambassador to the United States Peter Mandelson has been arrested over his alleged relationship with Jeffrey Epstein.

According to the newly released Epstein files, Mandelson was passing confidential government memos to Epstein.

"Officers have arrested a 72-year-old man on suspicion of misconduct in public office. He was arrested at an address in Camden on Monday, 23 February and has been taken to a London police station for interview," the Metropolitan Police said in a statement.

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Naked festival in Japan. More than 10,000 men in loincloths caused a crush.

Japan hosted the traditional “Naked Festival” — bare-chested participants gathered at Saidaiji Temple to catch two sacred wooden sticks. It is believed that whoever succeeds will receive good fortune for the entire year. The festival has nearly 600 years of history.

Only a few people touch the sticks. Everyone else just survives the experience.

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NEW - Rob Jetten becomes Netherlands' first gay Prime Minister

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Reminder: Redheads make up less than 0.5% of the world’s population

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The Daily Mail is going to have fun with this one

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Back in 2024, I was inspired by this chart.

So I plotted the number of words spoken by each Supreme Court Justice in 2023 in the form of fat guys:

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'We will defend Iran with all our strength and determination' — Army commander-in-chief Hatami

'Claim US unbeatable is false

Fought for 20 years in Vietnam, Afghanistan and ultimately withdrew in disgrace'

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BREAKING: The odds of a ground operation in Mexico are soaring.

19% chance it happens by next month.

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New Xbox VP a Good Example of Microsoft's Racist Hiring Practices

Microsoft's managers from India have a long history of favoring Indian candidates. Plus: Paul Thurrott defends Microsoft, calls Lunduke a "piece of human garbage".

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This is absolutely insane:

On February 20th, at 1 PM ET, Claude announced "Claude Code Security."

This is an automated AI tool that scans codebases for vulnerabilities.

As of 1 PM ET today, just two trading days later, CrowdStrike stock, $CRWD, has erased -$20 BILLION of market cap on the news.

What is happening here?

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White Liberals dumb themselves down around Blacks:

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Dave Portnoy did not hold back. The Barstool Sports founder blasted "psychopath" hockey fans who criticized Team USA for speaking with Trump following their gold medal victory

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DEVELOPING: This guy caught girlfriend cheating after he had his friend text her to hang out, and she after she said yes they both decided to pick her up.

BF: “Do you want to explain?”

GF: “Do you want to explain why you lied to me?”

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Democrats when the U.S. hockey team is honored:

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