Syz the moment

+160K funded accounts +$298B Assets under Custody (AUC), +106% YoY +$6.4B in net deposits, +28% YoY +$33.6B in cash sweep, +54% YoY +$209B in equities trading volumes, all time high +$196M option contracts traded, all time high +$16.8B crypto volumes, +217% YoY +$11.4B margin balances, +111% YoY Absolutely incredible execution. Source: amit @amitisinvesting $HOOD

As highlighted by Andreas Steno Larsen on X, being short Russell 2000 index is a very crowded trade. A short-squeeze in the making?

▶️ Nvidia's new tab H20 chips pose security concerns for China, a social media account affiliated with China's state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said in an article published on WeChat. ▶️ "When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it," the article concluded. ▶️ H20 artificial intelligence chips were developed by Nvidia for the Chinese market after the U.S. imposed export restrictions on advanced AI chips in late 2023. The administration of U.S. President Donald Trump banned their sales in April amid escalating trade tensions with China, but reversed the ban in July. ▶️ China's cyberspace watchdog said on July 31 that it had summoned Nvidia to a meeting, asking the U.S. chipmaker to explain whether its H20 chips had any backdoor security risks - a hidden method of bypassing normal authentication or security controls. Source: www.investing.com, Reuters

The weed stocks and AdvisorShares Pure Cannabis ETF ($YOLO) surged yesterday. ▶️ President Donald Trump said Monday his administration was “looking at reclassification” of marijuana and intends to make a decision in the upcoming weeks. ▶️ “It’s a very complicated subject base,” he said during a press briefing. “I’ve heard great things having to do with medical and bad things having to do with just about everything else.” ▶️ His comments come after a Friday Wall Street Journal report indicated Trump was considering reclassifying the drug as less dangerous. Source: Markets & Mayhem, Politico

12% chance. Source: Polymarkets

Headline number steady. Core picked up. Services is strong. Supercore accelerated further. US CPI inflation accelerated slightly less than expected in July on an annual basis as President Donald Trump’s tariffs showed mostly modest impacts. ▶️ The consumer price index increased a seasonally adjusted 0.2% for the month and 2.7% on a 12-month basis, the Bureau of Labor Statistics reported Tuesday. That compared to the respective Dow Jones estimates for 0.2% and 2.8%. ▶️Excluding food and energy, core CPI increased 0.3% for the month and 3.1% from a year ago, compared to the forecasts for 0.3% and 3%. Federal Reserve officials generally consider core inflation to be a better reading for longer-term trends. ▶️A 0.2% increase in shelter costs drove much of the rise in the index, while food prices were flat and energy fell 1.1%, the BLS said. Tariff-sensitive New vehicle prices also were unchanged though used cars and trucks saw a 0.5% jump. Transportation and medical care services both posted 0.8% moves higher. ▶️Tariffs did appear to show up in several categories. 👉 For instance, household furnishings and supplies showed a 0.7% increase after rising 1% in June. 👉 However, apparel prices were up just 0.1% and core commodity prices increased just 0.2%. 👉 Canned fruits and vegetables, which generally are imported and also sensitive to tariffs, were flat. Note that both overall CPI and core CPI hit the highest level since February Source: CNBC, Charlie Bilello

September rate cut odds (based on Fed funds futures) have jumped to 95% probability (from 82% pre-July CPI print). Source: Bespoke

Source: X