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ZH - Beijing Retaliates: Trade Deal On Verge Of Collapse As China Halts Some US Farm Imports

Watch YUAN.. USDCNH on this news.

But $BOJ being busy all night.. 🤔
super bullish for US Stonks. 🤦‍♂️

fake market... unreal.
Watch $VIX and $VX futures..

Not buying it.. fake green

Both up on this fake ramp in this fake market., and fake QE4ever & fake zombie economy..

everything FAKE.. 🤫🧐
Market Suddenly Soars As Schwab & Robinhood Suffer Outages

...just a coincidence..

- What market? fake penny stonk market? 🦃 okay.

zerohedge.com/markets/market…
"The Fed Did It"-Riots Across America Are About More Than George Floyd

.the US is not immune to social disruptions. The source of these problems is compounding due to the public’s failure to appreciate “why” it is happening

-Stonks are not the Economy🧐

zerohedge.com/markets/fed-di…
Trump Reportedly Mulls Domestic Deployment Of US Troops

It would be the first time the Insurrection Act (to deploy U.S. troops) was invoked since the 1992 Rodney King protests.

- Civil war and Bazooka.
- The Fed Bazooka QE can fix this. In Fed we trust.

zerohedge.com/political/trum…
ZH-Budget Office Finds US Economy Won't Return To Normal Until 2030

Business closures & social distancing measures are expected to curtail consumer spending, while the recent drop in energy prices is projected to severely reduce US investment in the energy sector

- Japan (1989)
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Kerberos007
@kerberos007
Demand Hell? Apple Slashes iPhone Prices In China Ahead Of Major Online Shopping Event

JD.com is marking iPhones down as much as 21%.

- Hmmmm.

zerohedge.com/technology/dem…
-Futures up due to "riot optimism". what else?🧐

Shorts Looted As Global Markets Hit 3-Month High After Nationwide Riots Turn Deadly

"Even with these rising protests in the US & the situation in Hong Kong at the moment, the market is pushing on and seeing room for optimism"- ZH
"Nothing Matters Because The Fed Will Buy What I Want To Buy": El-Erian Slams The "Mindset" Of The Fake Market

-I am not alone. good company 🧐
-Gravity still works 💯
-the higher they rise, the harder they fall 🦃🦃🦃

zerohedge.com/markets/nothin…
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Kerberos007
@kerberos007
What is SKEW?
The CBOE Skew Index- indicator measures perceived tail risk of the distribution of SPX log returns at a 30-day horizon

Tail risk is the risk associated with an increase in the probability of outlier returns, 2 or more std below the mean. market crash or black swan?
The value of SKEW increases with the tail risk of $SPX returns.

When there is no left tail risk, SKEW is equal to 100

Historically, SKEW has varied in a range of 100 to 150 around an average value of 115
SKEW & VIX are different & complementary measures of the risk of 30d SPX returns

VIX is a close proxy for the std of those returns. The
std describes the avg spread around its mean

SKEW describes the tail risk of the distribution. The daily
values of SKEW & VIX are uncorrelated
Read 8 tweets
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Kerberos007
@kerberos007
I've received many questions about the dealer GEX

I don't like to post this chart for a reason

There are too many assumptions in the calculation

There is no way from Options daily volume/OI, we would know the dealer's long or short positions

So this is for educational only🧐
From above, just over $2 bn of dealer GEX per 1 point SPX move when GEX >0

In other words, dealer would need to sell $20 bn stonks Mon morning if SPX gaps up 10 points for hedging their options exp

That's a huge headwinds for the Robinhood'er🦃

Hence all gaps will be closed🙃
From the above chart:

When GEX > 0
Dealer acting as a mean-reversion force:
They need to sell stocks for hedging, when SPX up
They need to buy stocks foe hedging, when SPX down

Hence when GEX>0, expecting slow market with low volatility (melt-up slowly and BTFD'er are happy)
Read 10 tweets

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