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<p>🇯🇵 Carry pressure stayed alive. 

Cascade never showed up. 

10Y 4.845%, 2Y 4.436%, 30Y 5.295% all pushed higher. 

Japan's 2Y-40Y yields all fell. Stress is showing up. 

Panic is not.

Russell -1.28%. S&P -0.42%. Nikkei only -0.19%. SoftBank closed +3.87%. 

Mixed tape kills the "everything is blowing up" narrative.

$GME closed +5.29%. 

Perpetual still hovered around $20 after hours. 

Pressure is real. 

Forced liquidation is still missing. 

Bulls keep stacking receipts while bears keep waiting on a fire alarm. 👀</p>

🇯🇵 Carry pressure stayed alive. 
Cascade never showed up. 
10Y 4.845%, 2Y 4.436%, 30Y 5.295% all pushed higher. 
Japan's 2Y-40Y yields all fell. Stress is showing up. 
Panic is not.
Russell -1.28%. S&P -0.42%. Nikkei only -0.19%. SoftBank closed +3.87%. 
Mixed tape kills the "everything is blowing up" narrative.
$GME closed +5.29%. 
Perpetual still hovered around $20 after hours. 
Pressure is real. 
Forced liquidation is still missing. 
Bulls keep stacking receipts while bears keep waiting on 

🇯🇵 Carry pressure stayed alive. Cascade never showed up. 10Y 4.845%, 2Y 4.436%, 30Y 5.295% all pushed higher. Japan's 2Y-40Y yields all fell. Stress is showing up. Panic is not. Russell -1.28%. S&P -0.42%. Nikkei only -0.19%. SoftBank closed +3.87%. Mixed tape kills the "everything is blowing up" narrative. $GME closed +5.29%. Perpetual still hovered around $20 after hours. Pressure is real. Forced liquidation is still missing. Bulls keep stacking receipts while bears keep waiting on a fire alarm. 👀

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