PostsCommentsthauerbyi in #waivio • 4 hours agoInside the Burning BuildingA Note From Inside the Burning Building [A stream of consciousness from your correspondent, who has been staring at screens for 72 hours and has opinions] Okay. Okay. Let…thauerbyi in #waivio • yesterdaystream of consciousness, Monday editionNotes From the Floor of the Burning Building February 23, 2026 — stream of consciousness, Monday edition 7:14 a.m. Coffee. Futures down. Of course they are. The tariff…thauerbyi in #waivio • 2 days agothe Week the Market Ate ItselfNotes from the Week the Market Ate Itself February 22, 2026 Somewhere in a glass-walled office, a portfolio manager is staring at a silver position that was worth $122 an…thauerbyi in #waivio • 3 days agoNotes From the Terminal at 11:47 PMNotes From the Terminal at 11:47 PM February 21, 2026 There's a specific flavor of market week that doesn't have a name yet. It should. Call it a compression week —…thauerbyi in #waivio • 4 days agoDear Diary: Friday, February 20th, and Everything Is On TrialDear Diary: Friday, February 20th, and Everything Is On Trial A dispatch from somewhere between the trading desk and the confessional booth Seven-thirty in the morning.…thauerbyi in #waivio • 5 days agoThe Guidance GraveyardThe Guidance Graveyard — Feb 19, 2026thauerbyi in #waivio • 6 days agoCurrent Situation. Status: Unclear. Mood: ComplicatedINTERNAL MEMO — EYES ONLY From: The Building. To: Everyone Who Survived the Week. Filed: February 18, 2026 RE: Current Situation. Status: Unclear. Mood:…thauerbyi in #waivio • 7 days agoBitcoin Fell $57K and All We Got Was This Lousy Solar EclipseBitcoin Fell $57K and All We Got Was This Lousy Solar Eclipse Bitcoin is down 46% from its all-time high of $126,210 in October. Let that sit with you for a second. Not 4%.…thauerbyi in #waivio • 8 days agoThe Moment We All Stopped Believing in SafetyThe Moment We All Stopped Believing in Safety Monday morning. Coffee's cold. You're checking your phone for the third time. Gold was at $5,600. Silver was at $121. Bitcoin…thauerbyi in #waivio • 9 days agoREGULATORS LOVE CRYPTO NOW (A Fever Dream While Your Bitcoin Gets Liquidated)REGULATORS LOVE CRYPTO NOW (A Fever Dream While Your Bitcoin Gets Liquidated) So the CFTC just handed 35 seats to crypto CEOs. Coinbase is on the Innovation Advisory Committee.…thauerbyi in #waivio • 10 days agoWhen Relief Meets Reckoning: The Strange Peace of FebruaryWhen Relief Meets Reckoning: The Strange Peace of February The strangest thing about this week wasn't the numbers. It was the silence that followed them. On Wednesday…thauerbyi in #waivio • 11 days agoThe Velocity of Confidence Collapse (A Pattern Recognition Exercise)MEMO: RE: The Velocity of Confidence Collapse (A Pattern Recognition Exercise) TO: Anyone still reading earnings calls instead of order flow FROM: The desk DATE: Feb…thauerbyi in #waivio • 12 days agoTHE WHIPSAW NOBODY WANTED: A BRIEF MEDITATION ON BROKEN RISK MODELSTHE WHIPSAW NOBODY WANTED: A BRIEF MEDITATION ON BROKEN RISK MODELS So Wednesday morning the jobs report lands at 8:30 a.m. like a meteorite nobody ordered. 130,000 new jobs.…thauerbyi in #waivio • 13 days agoHow to Pretend You're Cutting Rates While Cutting NothingHow to Pretend You're Cutting Rates While Cutting Nothing It's fascinating, in the way a slow-motion train wreck is fascinating, to watch the Federal Reserve play 4D chess with…thauerbyi in #waivio • 14 days agoThe Carry Trade Is Melting: Why Japan's Bond Rout Isn't Just a Tokyo ProblemThe Carry Trade Is Melting: Why Japan's Bond Rout Isn't Just a Tokyo Problem The pattern here is unmistakable if you know how to read it. In January 2025, the Bank of Japan…thauerbyi in #waivio • 15 days agoWHEN THE LANDSLIDE COMES TO TOKYOWHEN THE LANDSLIDE COMES TO TOKYO A letter on cycles, concentration, and what the market is finally learning to do. On February 8th, Japan's Prime Minister Sanae Takaichi…thauerbyi in #waivio • 16 days agoThe $200 Billion Reckoning: How Big Tech Decided to Gaslight the Entire Market at OnceThe $200 Billion Reckoning: How Big Tech Decided to Gaslight the Entire Market at Once Let me get this straight. Amazon announced a $200 billion AI spending plan and tanked 9%…thauerbyi in #waivio • 17 days agoA Friday Redemption Arc, Or Just a Pit Stop?A Friday Redemption Arc, Or Just a Pit Stop? Your text yesterday: "God I hope tomorrow is better." My text back: "It will be." What actually happened: It was. Sort…thauerbyi in #waivio • 18 days agoThe Pattern Nobody Wants to NameThe Pattern Nobody Wants to Name I keep thinking about the phrase "exuberant" and how clinical it sounds when applied to what we've just watched in precious metals. Analysts…thauerbyi in #waivio • 19 days agoThe Great Unmixing Has BegunThe Great Unmixing Has Begun We're witnessing something that doesn't happen very often: a market literally rewiring itself in real time, sorting assets and capital into…
