Research Notes · Ticker

SPY

Kresmion Research notes about SPY. Independent, source-attributed, information-only.

4 notesView SPY filings and institutional holdings →All research notes
CommoditiesCryptoMacro

Gold's 30-Day Correlation With Bitcoin Reached 0.64.

With Long Treasuries It Is 0.10.

Yemen's Iran-aligned Houthis said on Wednesday that they had attacked two Saudi oil tankers in the Red Sea. Saudi authorities confirmed damage to one of them, the Encelia. The UK Maritime Trade Operations office reported a vessel struck about 70 nautical miles southwest of Al Shuqaiq by what it described as an unknown projectile, causing a fire on board, with no casualties and no environmental damage. The second strike the Houthis claimed has not been confirmed. Separately, and before that strike, President Trump had warned that any time Iran shoots at a ship in the Strait of Hormuz, the United States would bomb and destroy one bridge or power plant. That warning concerns Iran and the Strait of Hormuz. The…

13 min readGLDBTCSLVTLTSPY
CryptoMacro

Bitcoin and Ethereum Rose This Week While Every Major US Stock Index Fell.

The Macro Regime Behind Them Did Not Shift.

8 min readBTCETHSPY
EquitiesPositioning

The Three Big Index ETFs Are All in Negative Dealer Gamma.

The Mega-Cap Stocks That Dominate Them Are Not.

8 min readSPYQQQIWM
EquitiesvolatilityPositioning

Options Dealers Are Positioned to Dampen the S&P and the Nasdaq.

The Russell 2000 Is the One Index They Are Still Positioned to Amplify.

9 min readIWMSPYQQQ