What does true portfolio diversification actually look like today? Answer here.👇️ 👇️ 👇️ 👇 Bob Elliott Cem Karsan 🥐

@BobEUnlimited @jam_croissant Great show once again!

@BobEUnlimited @jam_croissant

Today's not going to be an easy one

Unpopular opinion: You see a bubble? Jump in. Smart money rides the hype and exits early. Bag holders start preaching fundamentals and “how big this will be” — just as the smart money cashes out. That’s how you become exit liquidity.

Today is an interesting day to consider options-induced volatility The 0DTE straddle is $25/40bps/17.5% (ref 6195) with the massive JPM roll today The smallest Q-end move since jan 20 is 33bps Just as vol-invoking is the 99th %'ile 0DTE negative gamma at the 6,205 strike

The 90-day 🛑 of tariffs was never about The Art 🖼️ of the Deal. It was always about calming the market panic 😱 … Giving corporate interests a chance to build inventories & allowing the administration 🕰️ to prepare. 3 months… No trade deals. Letters 💌 with tariff rates imminent.