The govt financing situation in France is getting dire.
France already taxes take 52% of GDP.
57% of govt spending goes to the public.
Debt is unstable with OAT-Bund spread reaching 172 bp -- widest since 2011 Euro crisis.
Our indicator for tracking spikes in $VXX $UVXY $UVIX from 13 years ago is still 👑.
It measures the MACD of the VIX futures roll yield
--> when negaive it means the M1 M2 contango spread is widening (VXX trend ↘️).
--> when positive it means the contango spread is narrowing (VXX trend ↗️)
It shifted to positive Oct 13 when VXX @ $16.68
Irrational investors lose every time.
Ed Zitron, a newsletter guy who's been calling the AI top for years, just had an absolute crash out 😂
"Jensen Huang is a piece of shit. Every hyperscaler CEO is too."
He even apologized to his readers for having been too polite before.
This is what being wrong on AI that long does to a man.
What's next, Ed? Jensen did 9/11? 🤣
There’s wealth in being able to live this way, and wisdom in enjoying it while you can.
Building makes that wealth grow: a stronger relationship, a healthier body, something useful or beautiful that didn’t exist before.
French history gives their people an identity blueprint for expressing grievances. And the historical background is terrifying and insane.
1) take to the streets
2) challenge authority
3) defend the republic against a betrayal of its promises.
Follow that script back to its origins. The twists are absolutely brutal.
In 1789, crowds storm the Bastille, challengeing a system built on royal power and inherited privilege. The promise is liberty.
In 1993 the revolution starts consuming its own.
Defending liberty becomes the justification for mass arrests and executions. Danton, a revolutionary leader who urges moderation, goes to the guillotine. Robespierre helps drive movement (known as the Terror) until his colleagues turn on him.
He follows Danton to the blade.
Tens of thousanda die in a civil war and unstable government.
Then, a successful young general offers something desperately appealing: order.
Napoleon Bonaparte seizes power in 1799.
By 1804, he’s the emperor.
Eleven years after executing a king, France has another hereditary ruler.
Then Napoleon’s empire collapses. In 1814, the executed king’s brother, Louis XVIII, takes the throne.
Except Napoleon isn’t finished.
He escapes exile, returns to France, and regains power. Waterloo ends the comeback. The king returns. Again.
Another revolution in 1830 removes one king and installs yet another In 1848, that king falls too.
This time, France elects a president.
His name? Louis-Napoleon Bonaparte.
Napoleon’s nephew.
He stages a coup, then becomes Emperor Napoleon III in 1852.
A republic has elected the man who will replace it with an empire.
Only after his defeat in war in 1870 does France return to a republic without another king or emperor taking over.
This wasn’t one population endlessly changing its mind. Rival factions, foreign armies, hunger, ambition, and fear all shaped the outcome.
But the recurring temptation is familiar:
overthrow those who abuse power,
endure the upheaval,
then entrust extraordinary power to whoever promises to end it.
It takes a really long time for the average person to realize that leftist governments actually did willingly import military aged men from Islamic countries who are determined to destroy Western culture.
But it is crystal clear what is happening in France right now.
Das ist das erste Mal in der Geschichte der Menschheit, dass Länder fremde Armeen freiwillig ins Land lassen.
Diese diese dann verköstigen, ihnen Unterkunft geben und finanzieren. Wenn diese beginnen, Kriege gegen die Bevölkerung zu führen, bei denen geplündert, geraubt, gebrandschatzt, getötet und vergewaltigt wird, einfach nur zusehen.
Das gab es in der Geschichte der Menschheit noch nie.
Für solch ein Ausmaß an Landesverrat gibt es noch nicht einmal einen Begriff. Das konnte sich bisher keiner vorstellen.
A significant event in history is taking place in France as Islamists attempt a full takeover.
This is an actual national crisis that will have major impact across Europe.
Trading Volatility retweeted
To every American, and to everyone watching France burn from abroad:
Do not blame the French people for this.
We never asked for it. We never voted for it. And the one time we were clearly asked, we said no.
Here are the numbers your media won't show you.
70% of the French say there are too many immigrants in France today.
79% want a tougher immigration policy.
77% disapprove of the government's record on immigration.
83% want foreign criminals and long-term unemployed foreigners sent home.
And no, it's not just the old. 69% of French 18 to 24 year olds support suspending legal immigration for three years.
This is not a fringe. This is the French people.
In 2005, we were asked if we wanted the European Constitution. 55% voted no. Three years later, our politicians passed the same text under another name, through parliament, without ever asking us again.
That is modern France in one sentence. The people say no. The elites do it anyway.
So who is responsible? The politicians who lied to us. A class of leaders formed in the same schools, the same forums, the same networks, loyal to each other before they are loyal to their nations.
In 2017, at Harvard, Klaus Schwab, founder of the World Economic Forum, bragged about his Young Global Leaders program in four words: "We penetrate the cabinets." He added that it was true in France. Emmanuel Macron was one of his Young Global Leaders.
It's the same project in Brussels with Ursula von der Leyen and in Paris with Macron. Borders treated as an obstacle. Nations treated as relics. The people treated as a problem to be managed.
What you are watching in France is not the French people failing. It is the end of the globalist project, an abject, quasi-communist dream of a world run by unelected planners. It is collapsing everywhere in Europe at once, and the West has to cut this cancer out before it takes the rest of the body with it.
The peoples of Europe don't want this. They never did.
So when you see our town halls burning, don't say "the French chose this."
The French never chose this.
They were forced into it.
If you're French and you agree, repost this so the world hears it from us.
If you're American, look at us carefully. Then choose differently on November 3rd.
Today's $SPX action was fairly straight forward.
Open below zero gamma.
Test the zero gamma level several times & fail.
Price reacts with negative gamma and is drawn towards the largest concentration of gamma at 7650, which has now getting re-tested as a low.
Your R/R is to buy at these levels with a stop.



















