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◢ J◎e McCann
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.@solana is still 25% the value of @ethereum yet is the number 1 ecosystem for developers.
Seems cheap.
#ETH
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◢ J◎e McCann
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How I'm viewing the market now: - Market was priced for China, EU and everyone else getting tariffed - Market now pricing only China - Market not pricing a China deal If a China deal comes, market explodes. If it doesn't, it's already priced. 10Y wax max bid by foreigners - reserve banks telling Trump and Bessent "we'll buy your debt." The explosion on the long end is risk parity pods blowing up. Credit was max sold ($36B) the past week and these pods are done...very similar to the bottom during COVID. VIX traded 60 on Monday, but failed to breach that today. Positioning according to Deutsche Bank was -0.73 z-score and net leverage according to GS dropped substantially (they are all short). But today, long only funds re-grossed and shorts covered. Trump has signaled max pain for China and is willing to negotiate. Market can only re-price higher. If the Yuan rallies against the Dollar tonight, that is likely a sign China wants to negotiate, which means the market is mispriced (too low). UST 30Y auction tomorrow should see further indirect bids - same story as today.
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$TSLA just had its 2nd highest single-day gain in history: +22.69%. The highest ever was on May 9 2013 clocking in at +24.4%.
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WhO wIlL bUy Us TrEaSuRiEs? Foreigners.
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$QQQ, the ETF tracking the NASDAQ-100, just posted its third-highest percentage gain for a single session in history. The highest print ever was on January 3, 2001.
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Bottom.
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