Heads up - get a glimpse of what happened inside CNBC and Boardroom’s Game Plan event. Athletes, owners and other leaders from across the sports landscape break down key topics in the industry. Watch Game Plan this Saturday, September 9th at 3pm ET on CNBC.

$SMCI (AI/GPU & rack-scale 52% of CQ2 rev) down ~20%+. Beat CQ1 consensus rev/EPS by 10%/21% but CQ2 guide missed by 3%/7% but says due to supply constraints. Sign of easy money in AI hardware stocks being over. Fundamentals, valuation, risk vs reward & stock picking now matters.

$SPX midday The word "muted" comes to mind; so does "feeble" and "uninspiring." Website: https://t.co/RRxJAeLK6m

Bitcoin and ARK Innovation ETF... immediate downside ahead, by our work. #Bitcoin $BTC $XBT $ARKK For other shorts judged to be timely, subscribe at https://t.co/RRxJAeLK6m

VIX: an unfilled gap at the close yesterday. 95% of all gaps in the $VIX (up gaps and down gaps) are filled in 90 days or less. We're thinking Friday’s gap will be filled in a much shorter amount of time; sell the rally in the market. Become a member at https://t.co/RRxJAeLcgO

For context, since inception, the avg amount of assets invested short is ~55% vs ~3% at 5/12 close. We typically cover instead of adding longs if there is a high probability of NT oversold conditions/rally. This gets us longer but raises cash which cuts risk if we are early.