1/x It’s do or die time... the animals have broken out of their cages & are breaking things, & the zoo keepers are on the run. They have broken Gary out. What the animals don’t realize though is that in scaring the zoo keepers away they may no longer have any food to eat... That https://twitter.com/jam_croissant/status/1354345137799917568

2/x & oh yeah, you don’t want to see Gary hangry. Certain HF have been forced into rolling liquidations to meet margin & de-lever for redemptions/degrossing. The Q? is, is the deleveraging over yet or is it just beginning? Not surprisingly as that Q? Hangs in the air, we ended

3/x the day @ our long discussed critical point in SPX of the 1 std dev down of the 20 days. As I’ve mentioned in the past, a SUSTAINED break (2 day close) below this level could cause other systematic strats to sell off & w/ Gary on the verge of morphing into Kong, the zoo

4/x keepers are calling in the Fed(s) (Fed/sec) for some help getting the animals back under control, so they can feed Gary & get the zoo back under control. As they are likely giving guidance to the brokers to get this under control, as every major retail broker seems to be