i've taken some out of the table.... 24.5c and 24c today.........

i've taken some out of the table.... 24.5c and 24c today...... those 6c options .... no wonder the PT during the day.....


i will wait out..... my core is a very low level here so no need to panic.... but, I want to be more cashed up now after J Powell BS talk.... No QE, and not visibility for more cuts yet for 2026....

They will buy $40 Billion in T Bills..... something might be broken under the hood.....


Below, shows how disconnect are the FED......15 some of them wanted a 50 points cut where others wanted no cuts at all.







SOFR = Secured Overnight Financing Rate (secured repo)TGCR = Tri-Party General Collateral Rate (tri-party repo)IORB = Fed reserve rate.EFFR – IORB Effective Federal Funds Rate Interest on Reserve Balances

We are seeing a disconnection on rates..... something is not quite right.... LIQUIDITY issues 100%.......

Are we going to see a Lehman's moment ? Nah....atm......but, there are plenty of catalysts.......


POG should rebound this morning...... hope MEK as well......but...






GLTA

T10