quote: The chip/memory trade peaked THE DAY total return swap funding costs hit a record (as noted back in June). The entire trade was all just leverage - largely from Situational Awareness - masking as narrative | You will never guess on what day S&P funding costs hit an all time high and rolled over hard (sorry Total Return Swap bros) https://x.com/zerohedge/status/2066639120336560277

quote: The chip/memory trade peaked THE DAY total return swap funding costs hit a record (as noted back in June). The entire trade was all just leverage - largely from Situational Awareness - masking as narrative | You will never guess on what day S&P funding costs hit an all time high and rolled over hard (sorry Total Return Swap bros) https://x.com/zerohedge/status/2066639120336560277

Source:https://x.com/zerohedge/status/2091646758879199364