Would The Founders Still Recognize Their Republic?

Things Have Changed... Authored by James Howard Kunstler via kunstler.com, I remind you once again: history is a trickster. Sometimes things turn out, and sometimes they just turn, and these days they're turning hard. Get this: Russia is not our mortal enemy anymore. This is not 1956 or even 1986. It is no longer the so-called Free World against the wicked Hammer and Sickle. Russia is no longer a weird political science experiment acting in defiance of human nature - that is, of people striving to make good lives for their families....

Dispersion And Correlation Are Screaming Overbought, Downside Hedging Is Cheap Submitted by SpotGamma CBOE’s Dispersion Index (DSPX) is at levels only seen during Covid and the April ’25 tariff crash, while Correlation (COR1M) is near all-time lows. This divergence signals extreme positioning risk driven by the AI stock chase, and makes SPY downside hedges historically cheap. Traders have been chasing AI related names in such heavy-handed fashion that it has now created positioning risk for the stock market. Encapsulating this view are two popular CBOE options indexes: Dispersion (DSPX) and Correlation (COR1M). What Are...