- Entered coin/qqq puts as a hedge. 1
- Bonds are crushing major indices YTD; $TLT +3.1%, $DIA +2.4%, $SPY -.2%, $QQQ -1.8%, a divergence not seen in ages. [5](https://x.
- A specific chart (implied) indicates the most bearish sentiment currently in the market 7.
- The market is stuck; topping is a drawn-out process 10.
- Morgan Stanley predicts 70,000 NVIDIA Rubin racks next year, driving 13% of total global NAND demand alone via KV-cache SSDs and ICMS 1.
- $TLT kicked off 2026 red for the 6th straight year; looks like a GFC-level event might be needed to spark a rebound. 1
- After a -40% liquidation, violent selloffs reset sentiment but don’t fast-track bull markets.