The S&P 500 has returned an average of 12% per year since 1980 and has done so despite an average intra-year drawdown of 14%, and often drawdowns that are much worse

Net call volume is hitting record highs, per Deustche Bank

Hedge funds hate software stocks here

The 44% decline in the VIX over the last 3 weeks was the 5th biggest volatility crash in history

Fertilizer prices have moved up to their highest levels since May 2022, rising 53% YoY.