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Emmy Rossum dispels ‘common misconception’ about her shocking ‘Shameless’ exit years later

NY Post
1 month ago
The actress portrayed Fiona Gallagher for nine seasons on the drama-comedy series from 2011 to 2019.
mliss1578

Emmy Rossum dispels ‘common misconception’ about her shocking ‘Shameless’ exit years later

NY Post
1 month ago
The actress portrayed Fiona Gallagher for nine seasons on the drama-comedy series from 2011 to 2019.
Vanessa Serna

Is Olivia Wilde’s ‘The Invite’ Movie Streaming on Netflix or HBO Max?

NY Post
1 month ago
Seth Rogen, Penélope Cruz, and Edward Norton also star in this new A24 comedy.
mliss1578

Users say viral flossing brush has Dentists doing a double take — it’s 25% off today

NY Post
1 month ago
Dentist lecturing you? Not anymore — with this device.
Miska Salemann

Aaron Judge set for next step in lengthy Yankees injury recovery

NY Post
1 month ago
The Yankees do not expect the injury to be fully healed, but if there is enough improvement, the back-to-back AL MVP could start adding more activity to his workload.
Greg Joyce

OnlyFans killer Courtney Clenney to use boyfriend’s texts about alleged beatings to fight murder case

NY Post
1 month ago
Courtney Clenney claims there were at least nine times Christian Obumseli was abusive in the months before he was killed in April 2022, according to the filings.
Natalie O'Neill

MS NOW’s Joe Scarborough calls GOPers ‘hypocritical’ as Graham Platner scandal explodes: ‘Just shut up’

NY Post
1 month ago
Platner announced Wednesday he is dropping out of the Maine Senate race after his ex-girlfriend accused him of rape, though he has denied the claims.
Taylor Herzlich

Rory McIlory fires back at reporter questioning his work ethic after ‘off weeks’

NY Post
1 month ago
Rory McIlroy got snippy Wednesday with a reporter who appeared to insinuate that the six-time major champion isn't working hard when he's not playing in tournaments.
Justin Tasch

The Low VIX Hides Fierce Undercurrents

Zero Rss
1 month ago
The Low VIX Hides Fierce Undercurrents

Via RealInvestmentAdvice.com,

Goldman Sachs’ volatility desk made the following comment:

“With the VIX back to its lowest levels in more than a month, our Vol desk is focused on hedging opportunities as 1-month S&P implied correlation is near its lowest level in 20 years.” 

Simply, a low VIX can convey a sense of market calm on the surface, yet implied correlation tells a different story.

The VIX, based on option trading data, measures the implied volatility of the S&P 500 index.

A low VIX means traders expect the market to be relatively calm with not much volatility.

Conversely, a higher VIX reflects expectations for high levels of volatility.

Today, the VIX is relatively low with a 16 handle today, as S&P 500 index option trades appear complacent.

Implied correlation measures how much S&P 500 stocks are expected to move together.

When implied correlation is high, as it was during COVID, the 2022 interest rate shock, and more recently at the beginning of the Iran conflict, macro forces dominate trading activity, and stocks tend to go up or down together.

When correlation is low, stocks decouple. Individual company fundamentals, technical setups, and momentum chasing drive returns.

As we see in the chart below, the implied correlation is at a 20-year low.

The low VIX implies smooth sailing ahead, while a record-low implied correlation suggests the market could be at risk.

Goldman is hedging the risk of a correction, i.e., an implied correlation spike.

Often, when implied correlation rises sharply from extreme lows, as it did in August 2024 during the yen carry trade unwind, the divergences that kept the index calm disappear.

Stocks start moving together again, and most of the time they move down.

This condition is not a warning to expect a market downdraft, but it does suggest that risk awareness is critical.  

Tyler Durden Thu, 07/09/2026 - 12:20
Tyler Durden

Conor McGregor making first-time sacrifice ahead of UFC return — wife may not be happy

NY Post
1 month ago
The Notorious celibate is coming to an octagon near you.
Erich Richter

Aaron Donald NFL comeback could be halted by one key factor: Rams legend

NY Post
1 month ago
If Aaron Donald is truly interested in returning to the Rams, one of his former teammates said on Wednesday the future Hall of Famer must weigh one possibility.
Edward Lewis

Taylor Swift’s wedding dress designer has a surprisingly affordable Uniqlo collab

NY Post
1 month ago
Jonathan Anderson is the Creative Director for Dior — but he also makes elevated basics with a much easier price tag.
mliss1578

Taylor Swift’s wedding dress designer has a surprisingly affordable Uniqlo collab

NY Post
1 month ago
Jonathan Anderson is the Creative Director for Dior — but he also makes elevated basics with a much easier price tag.
Erica Radol

Erewhon launches $12 cup of water at famed smoothie bar – and people shockingly love it

NY Post
1 month ago
"Ok, obsessed, $12 water, make it my new routine," raved a shopper.
Reda Wigle

Biggest unanswered question about Nolan Wells’ death revealed by attorney who insists parents won’t ‘sweep it under rug’

NY Post
1 month ago
Nolan Wells’ heartbroken parents will “not allow” their son’s death to be swept under the rug, according to the civil rights lawyer representing the teen’s family — who also revealed the biggest lingering question in his disappearance. Wells, 18, was found dead days after he vanished on a Fourth of July boating trip to Horn...
Patrick Reilly

UN probe says mass killings, rapes, abductions, starvation by Sudan force amount to genocide

NY Post
1 month ago
Sudan's RSF forces carried out mass killings, abductions ‌of women and girls, mass gang rapes and forced starvation in a city they besieged and captured last year, as part of an intentional policy amounting to genocide, a U.N. probe said on Wednesday.
Reuters

Meta patents ‘creepy’ AI device that tracks wearer’s sighs and laughter, medication intake

NY Post
1 month ago
The patent filing, which was filed on July 2, describes an “apparatus” for “emotional state analysis and real-time fitness coaching.” Meta wrote in part that the device would use insights such as whether the user is happy or sad to generate a workout routine.
Thomas Barrabi

US existing home sales unexpectedly fall in June as house prices hit record high

NY Post
1 month ago
Higher mortgage rates are discouraging potential sellers from listing their homes.
Reuters

Airbnb buys first NYC office despite years of battle with local pols who cracked down on platform

NY Post
1 month ago
The San Francisco-based home-sharing giant has purchased its first New York office building.
Ariel Zilber

NYC Tower Owner Prepares To Rebuild 15 Floors After I-Beam Failure

Zero Rss
1 month ago
NYC Tower Owner Prepares To Rebuild 15 Floors After I-Beam Failure

Fears of a possible collapse at a condo tower under construction near Grand Central Terminal had abated by the end of the week, but the incident only signals the massive engineering challenges tied to Manhattan's office-to-apartment conversion boom.

The former Pfizer headquarters at 235 East 42nd Street, being converted by David Werner and Nathan Berman's Metro Loft Management into more than 1,600 residential units, has become a high-profile example of the risks of repurposing aging office towers into housing at scale to achieve socialist NYC Mayor Zohran Mamdani's strategy to address the metro area's housing shortage.

Engineer: “The concrete beams in our residential conversion of the Pfizer Building are buckling. The building could collapse! Did you correctly account for the weight of the additional floors we added?”

ChatGPT: “You’re absolutely right! I see the issue now—in using the Euler… pic.twitter.com/Wh3pABw84f

— tedfrank (@tedfrank) July 8, 2026

Metro Loft CEO Nathan Berman told Bloomberg in an interview that 15 stories were added to part of the building, and that two columns beneath were insufficiently reinforced, leading to a failure that caused some of the 15 cantilevered floors above to sag.

Via Bloomberg

Berman said Metro Loft now plans to replace the facade, slabs, and steel on those floors: "We are prepared to rebuild that portion of the building."

"It will be reskinned, everything will be leveled, fixed in place, and it will be brand new," he said.

Tuesday morning's column failure prompted evaluations of the building and surrounding structures, as well as street closures for fear the building would collapse. Since then, crews have been working to install temporary supports.

New York City's Department of Buildings has released a new image showing the emergency works to stablise the 37-storey tower at 235 East 42nd Street after structural beams were seen buckling on its 21st floor.

In a statement, the Department said: "Crews working through the night… pic.twitter.com/R1U5su2h2r

— The B1M (@TheB1M) July 8, 2026

James LaFave, a professor of civil engineering at the University of Illinois Urbana-Champaign, told the outlet, "Engineers rationally overestimate what they think the loads would be, underestimate how strong they think elements would be to simplify it, and therefore you would end up with a substantial margin of safety."

LaFave noted, "For something to have caused the level of buckling seen in that column there, it's not some small perturbation from expectation that would make that happen. It's something substantial."

Tyler Durden Thu, 07/09/2026 - 12:00
Tyler Durden

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