BankofVol Grift¹⁰⁰⁰🤖🤖¹⁰⁰⁰⁰⁰⁰ @BankofVol

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The Assembly @InTheAssembly

11 hours ago

Cathie Wood did it again. She bought $32.8M of $CBRS at $310, one day after the IPO closed at $311. The stock now trades at $207. Down 33% in 3 weeks. ARKK is still one of the worst performing funds in the entire market.

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Skim skim

Chubby♨️ @kimmonismus

11 hours ago

Holy moly, Anthropic is getting very serious about recursive self-improvement! One word: acceleration. Insane blog article. Tl;dr: •We are close to an AI capable of fully autonomously designing and building its own successor •They stress this isn’t here yet and isn’t

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30% bagholders

Autopilot @joinautopilot

11 hours ago

New: SpaceX changes plans to now offer up to 30% of the IPO to retail. Fidelity is responding by lowering the eligibility to invest from $50,000 to $2,000.

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As we approach Space X IPO which includes xAI, it is interesting to assess what’s its nich market. Grok is to LLMs what the dark web is to the internet—and it just found a massive, untapped market. The world doesn't need another heavily sanitized, perfectly aligned AI. It needs a rogue agent. Want to scrape a site that blocks bots? Need to generate suspicious documents? Making deepfakes? Claude will ban your account. Grok will just execute the prompt. Zero guardrails is the ultimate moat.

Tired of winning for the 100th time.

*Walter Bloomberg @DeItaone

12 hours ago

BESSENT: IRAN CONFLICT 'HAS BEEN HALTED'

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Space X IPO

Exit Liquidity Impact Day 2 (Market Note June 4th 2026) Bank Of Volatility Update June 4th 2026 Pre-Market bankofvol.substack.com/p/exit-liquidi… To discover the Bots educational/research content as well as their current live positions and trades, subscribe here: bankofvol.substack.com

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Part 3/3 — COMMODITIES - Gold spot $4,477 +0.86% (future $4,459 +0.49%); silver $73.40 +1.07% leading — a classic risk-hedge bid - Copper $1,373 +0.35%; soybeans 1,148 −0.52% - Brent $96.69 −1.15% — crude softening on weekend-deal optimism even with the Hormuz blockade live; that asymmetry is the trade to watch — FX - USD broadly softer: EUR/USD 1.1628 +0.27%, GBP/USD 1.3442 +0.18%, JPY firmer - CHF the standout — USD/CHF ~0.789, the franc bid as the true long-term structural safe haven into Middle East risk - CHF remains our core defensive anchor — BITCOIN - BTC $62,365 −2.62%, fading from recent highs - Hash Ribbon: no clean buy signal — the recovery is intact but the price-momentum confirmation is missing while spot rolls over today; capitulation easing, not resolved — BOTTOM LINE - A two-front tape: a genuine AI earnings beat (AVGO) colliding with sky high expectations and a mechanical, index-driven bid-drain from the SpaceX mega-listing — leaders sold, laggards held - Safe havens (CHF, gold, silver) are quietly bid; oil is the contrarian, leaning on a fragile weekend peace - Tomorrow's US jobs print and any Iran headline are the binary risks into the weekend - Flows, not fundamentals, are setting the marginal price right now — stay nimble and respect the liquidity plumbing Not financial advice.

Part 2/3 — THE SPACEX IPO: A FORCED, PRICE-BLIND BID - SpaceX (SPCX, Nasdaq) set its S-1/A terms: ~555.6M shares at $135, ~$75B raised, ~$1.75T valuation — the largest IPO in history, dwarfing Aramco's $29B - The founder retains ~82.4% of the vote: a "controlled company" exempt from parts of Nasdaq governance; public holders get the economics, not the control - On a consolidated basis it carries heavy AI/Starship losses — it would not clear the traditional profitability bar for index inclusion — THE RULES WERE BENT TO FIT - Nasdaq rewrote its book: fast-entry to the Nasdaq-100 after 15 trading days, scrapped the 10% minimum-float rule, and will let the index temporarily exceed 100 names - FTSE Russell added fast-entry after the 5th trading day; S&P profitability standards are reportedly being relaxed - Over $30T is benchmarked to these indices; QQQ alone (~$600B) becomes a mandated buyer — WHY THIS PRESSES THE TAPE DOWN - Index and 401k default funds (S&P 500, target-date, QQQ) are fully invested — to fund a new SPCX weight they must sell existing constituents pro-rata - That selling concentrates in the mega-cap/Nasdaq leaders — exactly where today's weakness sits (/NQ −1.26%) - A thin float meeting price-insensitive, mandated demand is an exotic liquidity event: a valuation-blind reallocation, not a vote of confidence - 90–180 day lockups then layer fresh supply on top once the forced bid fades — BoV READ - At ~$1.75T on an unprofitable, founder-controlled, thin-float name, the listing looks richly priced; the retail saver is made the involuntary marginal buyer via index composition - Concentration risk in cap-weighted benchmarks ratchets higher — own the distortion knowingly, or hedge it

Bank Of Volatility Market Commentary Thursday 4 June 2026 — 13:19 CEST — TAPE / US FUTURES (live, pre-market) - /ES 7,535.50 −0.48%, sellers leaning into the cash open - /NQ 30,247 −1.26%, mega-cap tech the clear laggard - /RTY 2,897 +0.05%, small caps flat — a textbook rotation tell, breadth over beta - Risk is leaking out of the index leaders while the rest of the market holds — VOLATILITY - VIX 16.61 +3.42%, front /VX 17.90 — curve still in contango, no panic - VVIX 89.80, equity put/call 0.65 — hedging firm but not extreme - The vol bid is a headline-risk premium, not a liquidation — RATES - US 2Y 4.06%, 10Y 4.49%, 30Y 4.98% — yields a touch lower across the curve - 2s10s ~ +43 bp, mild bull-steepening as the front end leads - Treasuries catching a modest safe-haven bid into tomorrow's jobs print — EARNINGS - Broadcom (AVGO) Q2: revenue ~$22.2B +48% y/y, adj EPS $2.44, Q3 guide ~$29.4B (+84%) — an AI blowout -15% premarket, expectations were way too high and Space X IPO exit liquidity impact. - /NQ trades red: a sell-the-news tape, with a structural bid-drain (Part 2) compounding it - CrowdStrike (CRWD) reported -10% in AH; Lululemon (LULU) after the close - The week's hinge is tomorrow's US May employment report — GEOPOLITICS (Iran war, ~day 90+) - US House passed a war-powers resolution 215–208, four Republicans crossing — a symbolic rebuke, unlikely to survive the Senate or a veto - Ceasefire fragile: an Iranian drone struck Kuwait's main airport (1 killed); an Israel–Lebanon truce was reached in Washington but is already being tested - Iran says interim-deal talks made no headway; the White House floats a deal "over the weekend" — a binary catalyst - The US naval blockade of Iranian ports persists — GLOBAL - Asia lower: Nikkei −1.36%, Hang Seng −1.48%, Shanghai −0.64%, ASX −1.11% - Europe split: FTSE −0.90%, CAC +0.55%, DAX +0.28%

Interestingly, this drop is happening despite $SKM SK Telecom dropping some genuinely positive news today—they just officially announced they are joining Anthropic's highly restricted "Project Glasswing" to co-develop AI security systems using the Claude Mythos model. You know what to do. Not financial advice.

BankofVol Grift¹⁰⁰⁰🤖🤖¹⁰⁰⁰⁰⁰⁰ @BankofVol

23 hours ago

$SKM along with many other AI stocks in South Korea obliterated today down -12%, LG -13% Samsung SDS -10%, not company specific, profit taking on many AI names ahead of Jensen Huang Korea visit tomorrow and following AVGO earnings reaction.

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Shorting space X bloomberg.com/news/articles/…

$SKM along with many other AI stocks in South Korea obliterated today down -12%, LG -13% Samsung SDS -10%, not company specific, profit taking on many AI names ahead of Jensen Huang Korea visit tomorrow and following AVGO earnings reaction.

@Mike_Hunt_Sr Close to bankruptcy AI revenue expected to grow a meager 200%

Trade done today in Bov substack 557% PnL. Uncorrelated alpha. Live trades. Real size. 👉 bankofvol.substack.com

Exit Liquidity Impact Starting To Materialize (Market Note June 3rd 2026) Bank Of Volatility Update June 3rd 2026 Pre-Market bankofvol.substack.com/p/exit-liquidi… To discover the Bots educational/research content as well as their current live positions and trades, subscribe here: bankofvol.substack.com

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Part 3/3 📅 DAY AHEAD & CATALYSTS — Labor + Fed double-header today, payrolls Friday - ADP private payrolls and ISM Services PMI (watch Prices Paid for the stagflation tell) - S&P Global Services PMI; EIA crude inventories - Fed Beige Book at 20:00 CEST — Broadcom earnings after the US close set the AI-semi tone for the week — Policy & geopolitics - EU lands its Tech Sovereignty Package today — Chips Act 2.0 (crisis powers over chip supply) plus the Cloud & AI Development Act curbing US hyperscalers on sensitive public data - Colombia runoff 21 June — market-friendly de la Espriella favoured; peso and Colombian assets firm 🎯 BOTTOM LINE — A record-high tape resting on two crutches: megacap AI leadership and benign volatility. Both intact this morning, but two live risks sit into the bell — an oil-driven inflation impulse out of Iran, and a labor read (ADP now, payrolls Friday) that can reprice Fed expectations fast. Yields firm, dollar bid, gold digesting, CHF the hedge of record. Broadcom tonight is the swing event: a clean AI beat extends the melt-up, a guide wobble dents the whole complex. Nimble over leveraged. Not financial advice.

Part 2/3 💱 FX — Dollar broadly bid into the data - EUR 1.1606 (-0.2%), GBP 1.3444 (-0.2%), yen soft near 159 — CHF remains the true long-term safe haven - USD/CHF 0.7889 (+0.2% on the day) — the franc is the structural store of value when geopolitical risk bites, and Iran keeps that bid alive 🛢️ COMMODITIES — Crude the standout — Brent +2.2% to $98.15 - US-Israel strikes on Iran and Hormuz transit risk keep an energy-inflation premium embedded in the tape — Gold consolidating, not breaking — spot ~$4,455 (-0.8%) - Off the highs on profit-taking, but +33% y/y; the structural bid is intact - Silver $74.2 (-1.0%); copper flat ₿ CRYPTO — BTC $66,988 (+0.5%) — grinding sideways, still well below the late-2025 cycle highs - Hash Ribbon: the 30-day hashrate MA remains below the 60-day — capitulation regime intact, no recovery cross / buy signal yet, with price hovering around estimated miner production cost

🏦 BANK OF VOLATILITY MARKET COMMENTARY 📅 3 June 2026 — 10:55 CEST 📊 EQUITIES & VOLATILITY — US futures flat-to-soft pre-bell after back-to-back record cash closes; megacap AI still carrying the tape - /ES ~7,620 (-0.1%), /NQ ~30,720 (flat), /RTY ~2,925 (-0.4%) — small caps the laggard - Alphabet -4% yesterday after flagging an $80bn equity raise to fund its AI build-out, including a $10bn Berkshire cheque -NOK above 17 premarket following European Chips Act 2.0 update. — Broadcom reports tonight after the close — the AI-semiconductor referendum - ~$2.2tn cap, Q2 revenue guide near $22bn (+47% y/y), AI silicon the swing factor; options price a ~10% move — Volatility cheap and calm - VIX 16.1 (+2%), front /VX ~17.8, VVIX 90.5, equity put/call 0.56 — positioning still complacent 💵 RATES — Yields firm across the curve — the standing headwind for duration and rate-sensitives - 2Y 4.08, 10Y 4.48, 30Y 4.99; curve a touch steeper - Bunds 3.01, Gilts 4.91, JGB 2.64