JPM: “purchase July 95% strike puts on BIDU, PDD, SWKS, QCOM, OKTA, XLNX and/or TSLA”

The trend’s your friend … until it ends. And trends always end. ZeroHedge jumped all over JPM’s note calling a tech correction in July: “The Correlation Is Broken”: JPMorgan Tells Clients To Buy Puts In These Tech Stocks Last week, ahead of the massive Momentum ETF (MTUM) rebalance, we showed something remarkable: momentum stocks had undergoneContinue reading “JPM: “purchase July 95% strike puts on BIDU, PDD, SWKS, QCOM, OKTA, XLNX and/or TSLA””

ERCOT Margin Call

ERCOT is a “just-in-time” energy market without a capacity market and missing the ability to “call” adjacent systems or ready-to-go capacity to cover supply shortages. And so, – surprise, surprise – market clearing prices can get rather spikey when confronted by high demand and limited capacity. As reported by Zero Hedge: https://www.zerohedge.com/commodities/texas-grid-operator-warns-defaults-credit-crisis-develops The Texas energyContinue reading “ERCOT Margin Call”

Systemic Risk in the Red Ponzi

According to Reuters, Beijing now wants a full accounting of everything going on at local developers. “The government is monitoring everything now, unless you want to cheat, but they will be able to tell from your monthly figures,” said a senior executive at one of the developers in the pilot scheme. Following concerns of too much developerContinue reading “Systemic Risk in the Red Ponzi”