@renatov.eth

GM Far! Does true silence exist in our day and age? I know from firsthand experience, It can be found on the Putorana Plateau at any time of year and in the forest right here, right now, during gray weather, when there are no birds or insects to be heard: the silence before a storm. ✅ US CPI today. A hot print means the Fed hikes in Decemberand hike odds already sit near 80% after payrolls. Then we fall to where we have not fallen yet. Keep some powder dry. ✅ Yesterday I compared Brent funding across three venues. Today Variational posted the same idea on Nasdaq: perps 80%+, swaps flat at 5%. ✅ Anthropic sets its IPO up to $69.3b at $70-80 a share. Aramco, the record, raised $29.4b. The top of the range is about $1.4t, @entropyIO perps sit near $1.57t even after 7%. So perp traders still pay ~15% over the banks’ price. Either day one pops or this is the last premium.

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