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I have the most liquid security in The US, and they have the closing option, and it's the S and P 500. It closed at a 0.9% premium, almost a one percent premium to what the underlying stocks were held, which, like, does not happen in a security like that. It just shows, like, there's all these things out of whack in the market. Wait.
Wait. Wait. Okay. I gotta push back. Why are we even debating TE at this point? And I mean this genuinely because we are we are saying it's 19 and a half probably above the the average, like, call over the past twenty, thirty years, whatever it is. But, like, literally tomorrow, Trump could just completely wanna hit everything. Actually
bought bonds this morning. I might have to visit a psychiatrist or something. I bought bonds this morning. I feel like I I need to make a confession. This
is a lot of chaos, which is distressing, and it's exhausting. I imagine everyone's as exhausted as I am. But a year from now, will we look back at this as having marked this shift?
Hi, everyone. Welcome to Bits and Bits, exploring how crypto and macro at this point at a time. I'm your host, James Safer, trad by archmaester and lord of Bloomberg Zen, here with Joe McCann, lord commander of asymmetric and master of bank. Also with Noel Acheson, high seer and keeper of the crypto is MacroNow newsletter. Hi,
everyone.
And Ram Alawali, a maser of wealth, leader of Lumida. How's
it going? We're
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