was teasing Ferro,  she said " would you like to hear him say something about stable coins?"  She nailed my biggest fear right there, that's the only thing that currently exists that could bring us down for decades, worse than the Great Depression. That DOGE fiasco made it abundantly clear the GOP had no intentions in becoming the competent fiscal stewards they told everybody they would be. Just a ploy for a tax cut for the rich. I don't think Warsh will dare mention the debt or stablecoins  He hols the key for the markets next direction in his hands. To be good, though, he really has to hit the cover off the ball, if he can we'll se a huge rally. Tall order though. (JMHO)

lower I'll pick up more, and it might. Probably a medium term hold on this one. (JMHO)

I'm about to do a deep dive into how telling this is, but my thinking is that only "smart money" trades the VIX options. I mean, pretty much everyone here is of well above average intelligence. I'd say we have a fair number of geniuses, in fact. Do YOU feel comfortable trading VIX options?

This month, the VIX P/C has only closed 2 days above 0.50 (that's my bullish/bearish threshold, tentatively). The "smart money" folks appear to be very unwilling to be short the VIX (i.e. implied volatility). That suggests to me that they expect to be (and probably expect others to be) shifting to "risk off" in the coming days. 

In any case, it's fascinating. I'll report on what I and my AI find as we get into it.

I've been already selling my September cycle options for the ES but overnight the pajama traders filled my daily sell trades on the ES also with the 7730 calls for $4 and the 7630 puts for $4.  The calls are looking great so far and the 7630 puts just hit $4 again so we'll see how the day goes!!  As we approach September I do believe volatility will remain as the countdown to the election begins and there will be many things said and done that will move the market!! 

then up to new highs for the US together with Europe....my bet