No other option, the settlement on the table today is worse than a couple of months back. He would be stabbed the day after the signature

PUTIN IS PREPARING A FURTHER MOBILIZATION IN RUSSIA AND AN EXPANSION OF THE WAR

Looking like we're sleep walking into WW3

Tensions raise, then diffuse but only to reach a new high, the trend is clear

Everybody is thinking I don't want to be left behind when Trump Taco again, I already suffered a drawdown, maybe we go down another 5% on ES but I'm not gonna sell

Oil going up 3%+ per day it's not gonna last very long before Trump is squeezed, the bond market is nearly breaking already

Market is smelling the taco

So we're very vulnerable to a very unlikely shock that sends everything -10% in a day

That's the risk that the market is taking for not selling more than it is now

I thought they were begging for a deal?

Let's ty to demolish Iran's bridges Trump

And see how you like seeing all the docking ports around Hormuz get obliterated and oil send to 120 or much more not just for a couple of days but for years

The market reads rightly that Google increased capex commitment is bullish for DC providers but if you go one step further, if hyperscaler stock get punished and enter bear market because of their huge spending, they probably going to cut their spending right at the time the Nebius and SKHY and the like expand massively production and those stocks are going to poopoo the hardest

And that is without taking into account the positioning, yes leverage got washed out but I don't feel the infinite cycle people sold their stocks

And that is without taking into account an escalation in the middle east as I was saying yesterday

Or even a extension of the current stalemate which will send inflation high enough at a moment where the job market is healthy that a hike is back on the table

Making financing more difficult right at the time where it is the most needed

In short, the risk you're underwritting being long stocks here is pretty crazy