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Degens Deteriorating
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Investors are hedging against a credit market crash at an accelerating pace:

Put option open interest in US large credit ETFs, $HYG, $JNK, $LQD, and $BKLN, is at a record ~11.5 million contracts.

The total number of outstanding contracts on these funds has DOUBLED over the last 12 months.

By comparison, the 2022 bear market high was 10.0 million contracts.

Meanwhile, tech high-yield credit spreads surged to 556 basis points, surpassing the April 2025 highs and reaching the widest level since October 2023.

By comparison, the all sector high-yield spreads stand at 361 basis points, the highest since November 2025.

This means tech junk bonds are now trading at a +195 basis point premium to the rest of the market, the highest in at least 3 years.

The credit market selloff may just be getting started.

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A series of mysterious earthquakes has been recorded near one of America's most secretive bases used for nuclear testing β€” Daily Mail

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😨6πŸ”₯2
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Qwen3.5:9b reasoning head-to-head:

Mac Studio M2 Ultra 64GB: 43.08 tok/s

Mac Mini M4 16GB: 13.07 tok/s

Alibaba_Qwen

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>Claude was used by the U.S. in the Iran strikes

>Iranian missiles hit an AWS data center.

>Anthropic runs Claude on AWS.

>Claude has been down for hours.

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China backs Iran 'defending sovereignty', vows to push for peace

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The White House has informed Congress that β€œit is not possible at this time to know the full scope and duration of military operations that may be necessary.”

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Can someone smarter than me explain why war risk insurance gets canceled when there’s a war?

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πŸ’―7
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BREAKING: Unconfirmed footage reportedly shows impacts in Bahrain as the Interior Ministry sounds nationwide sirens, urging citizens and residents to seek shelter immediately

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Hillary Clinton was asked about a folder titled β€˜Life Insurance’ on Anthony Weiner’s laptop in the Jeffrey Epstein hearing

Sidney Powell said what’s in that file is so extreme β€œhardened investigators threw up” when viewing it and it should be handed by the Military

β€œOne of the things if I were the President I'd do is demand the Anthony Weiner laptop and get it to the most trusted person in the military to take apart everything on it and then start using it. There's a lot that can be prosecuted. I have no doubt on that laptop. In fact, I heard that the New York police officers who saw some of it, even though they're hardened investigators, literally had to go throw up. It's bad.”

The folder titled β€˜Life Insurance’ contains β€˜Frazzledrip’

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JUST IN: IRANIAN FM SAYS TRUMP IS β€˜ISRAEL FIRST’ AND CALLS FOR REGIME CHANGE IN THE U.S

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πŸ’―7
Husband fatally shot wife, himself at Alabama hospital moments after welcoming their first child

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Netanyahu frames the Iran campaign as a "gateway to peace" not an endless war:

"When we worked together, Trump and I, we brokered the Abraham Accords.

Now, working together against Iran, we'll bring many more peace treaties."

The pitch is clear: hit Iran now, unlock a broader Middle East peace deal later.

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In the past two months, Democrats have supported drug cartels, a Venezuelan dictator, illegal aliens, Iran, and rallies against the American gold medal hockey team.

Amazing.

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πŸ’―8