This is peak complacency. When the skew hits zero and everyone is short yen together, the unwind will be violent. Bonds are already screaming in multiple countries.
The spread between single-stock volatility and the VIX just hit a record high:
The index looks calm because the names are canceling each other out, not because risk is gone. pic.twitter.com/E0CZTi9JQl
— Hedgeye (@Hedgeye) July 8, 2026
Hedge Funds have now built the largest Japanese Yen short position since the run-up to the Global Financial Crisis 🚨 🚨 Dear God 🤯 pic.twitter.com/0hAuF4AMJf
— Barchart (@Barchart) July 8, 2026
BREAKING 🚨: France
France's 30-Year Bond Yield hits highest level since the Global Financial Crisis 🤯 👀 pic.twitter.com/CJypFGxZ8P
— Barchart (@Barchart) July 9, 2026
‼️Japan's bond market is flashing a fresh warning:
The 10-year JGB yield briefly rose to 2.90% for the first time since September 1996, marking a 9th straight day of gains, the longest streak in 19 years.
This comes as concerns resurface over Prime Minister Sanae Takaichi's… pic.twitter.com/X1O0HCFtpS
— Global Markets Investor (@GlobalMktObserv) July 9, 2026
S&P 500 Stock Put/Call Skew just fell to its lowest level ever recorded 🚨🚨 Bulls are all-in, Bears have vanished 🤯 https://t.co/sF98nWO69c pic.twitter.com/0BotatwSab
— Barchart (@Barchart) July 9, 2026