Cliff Maddox

If they’re losing the “I’m not political but I love America” guys in Callaway hats…

This is how I learned I’m a better fit for finance culture and tech culture. You only succeed in tech culture by fully embracing the Current Thing and being all-in on it: danwang.co/2025-letter/

The White House claims the vote to rename the Kennedy Center was “unanimous.” That is false. I was muted on the call and denied the opportunity to speak or register my opposition. That is not consensus. That is censorship.

Muting a Black woman to claim the vote was unanimous is so incredibly on the nose

This sort of thinking is deserving of a Nobel prize.

Reporter: “How important do you think Black & Hispanic voters are to you winning your campaign?”

Jack Ciattarelli, Republican candidate for Governor of one of the most diverse states in the nation:

“Next question.”

This is normal stuff, some minor elbows should not result in a DQ. Then letting the guy who just ran out of gas in as well makes no sense at all.

This one seems like a poorly thought-out question. I think the question is are they prioritizing criminals or not. This question offers a false choice

Hillary Kamala is president, you bozo!

OMG I had my child do this too 2001. It made me very happy, but my officemate set me straight after about the 4th email...

Is Wall Street ready to stay up all night? The New York Stock Exchange is looking to trade for 22 hours a day — raising thorny questions about how equity markets function

www.ft.com/content/f711...

Thanks, this makes sense -- retail happens through a big MM who internalizes much more than the market in general...

Line chart showing percentage of on-exchange versus off-exchange trading. The chart shows that off-exchange trading crossed 50% of all trading in November and continues to increase.

US equity markets have become fundamentally broken. Since November, more trading has taken place off of stock exchanges than on them. Price discovery is suffering. This is a serious problem. First chart shows 2024 by month, second chart shows 2025 by day.

Wow, that’s dramatic. Any theories on what has caused this?

Everything is fine...

24X was approved as an exchange by the SEC

Opens a can of worms with the consolidated data feed, limit up/down, order protection, clearing and other stuff.

But probably the right thing to do.

www.sec.gov/files/rules/...