◢ Re-poster

Realized Vol finally re-coupling with $COR1M for the first time in a long time.

The gap between these 3 volatility gauges, the $VIX, single stock vol, and cross-sector vol, is simply way too wide and it will re-couple.

$USDJPY 1 month vol vs. $VIX

Looks like theres some catching up to do...

US momentum factor GSPRHIMO up 7%, sharply outpacing EU high beta momentum basket which gained less than 3% over 2 days

@GoldmanSachs sales desk flagged a notable factor dislocation on September 9: the US momentum factor (GSPRHIMO) is up 7%, while the comparable EU high beta momentum basket gained less than 3% over 2 days.

That divergence is sharp even accounting for normal US/Europe factor spread. Within the US momentum move, semis are higher and software is lower, suggesting the rotation is sector-specific rather than a broad risk-on lift.

The EU momentum basket's relative underperformance over the same window suggests the factor catch-up is a US-specific dynamic rather than a global reflation trade.

@Broadcom reaffirms $115bn/$230bn FY27/FY28 AI revenue targets as constraint shifts from demand to power and permitting.

Broadcom's Hock Tan reaffirmed FY27/FY28 AI revenue targets of $115bn and $230bn at the @GoldmanSachs Communacopia Technology Conference Day 1, September 9, 2026.

The message: demand isn't the problem anymore. The constraint has explicitly shifted to physical infrastructure, specifically power, permitting and data-centre construction timelines.

@openai token spend percentage on @vercel Gateway now printing its second highest level ever and rising...

After the midterms we rip and re-gross.

Global AI revenue growth is unreal.

"Our revenue estimate for the AI economy reached $229 billion annualized by the end of August - up 3.5x in one year. Growth is going strong.

Trailing twelve-month revenue reached $140 billion last month, 3.2x the August 2025 value of $44 billion."

$VVV another easy short.

Eaton US Data Center Backlog Grows to 307 GW, or 15 Years of Build Backlog at 2025 Rates

Eaton Corp reported that its total US data center backlog has grown to 307 gigawatts, equivalent to 15 years of backlog at 2025 build rates, up from 12 years in its last update.

Only roughly 20% of this backlog converts near term, with the majority translating to 2028 and beyond deliveries.

Source: @UBS

Imagine fading @SecScottBessent

@CrowdStrike's SafeMind cuts AI security query cost to $0.03 vs. $10 for frontier models, a 99% reduction

At Fal.Con 2026, CrowdStrike introduced SafeMind, described by @GoldmanSachs as the clearest example of the company moving from AI security vision to product architecture.

SafeMind is built on CrowdStrike's Cyber Superintelligence Lab, which takes @Nvidia Nemotron open-source and open-weight models and trains them on CrowdStrike's 15+ year history of kill chain datapoints and human reinforcement labelled data.

Specifically, remediations with SafeMind now cost as little as $0.03 per query, versus frontier models at $10/query, a 99% reduction in cost per the report. CrowdStrike plans to monetize SafeMind through token packs supported by Falcon Flex.

Goldman Sachs argues that domain-specific SLMs may offer a more compelling value proposition to enterprises than frontier models, as pairing LLM foundations with proprietary domain-specific training data can yield better results.

@PsiQuantum Finalizes $100 Million Award with the U.S. Department of Commerce

https://www.psiquantum.com/news-import/psiquantum-finalizes-100-million-award-with-the-us-department-of-commerce

@jpmorgan argues the reduced stock of yen shorts limits the prospect of a wider carry unwind.

Yen hedge demand jumps, but aggregate positioning is near neutral

JPM reports USD/JPY outright-put flow on September 2–3 at +4.2 standard deviations versus its five-year history.

The median strike was 156.25; 13.8% of strikes were at or below 150, extending to 140.

Its combined futures/options positioning measure had moved near neutral.

The new hedge demand is clear; a crowded-short liquidation is a separate claim that these data do not establish.

I'm in Mexico at the moment and for some reason @OpenAI Codex gave me a recap in Spanish out of nowhere.

I don't speak Spanish.

$ZEC was an easy short on Sunday

The market's Correlation Risk Premium is rising and printed its highest level since March of this year.

There's risk building underneath the system...vol expansion soon come.

@Lighter_xyz, a competitor to @HyperliquidX, now outperforming $HYPE by 200% since the June low.

ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 / $LIGHTER

STARK Acquires Raydiant RF and Expands Electronic Warfare Capabilities

https://stark-defence.com/en/news/stark-uebernimmt-raydiant-rf-und-baut-kompetenz-in-der-elektronischen-kampffuehrung-aus

The $KOSPI is so under owned wow.