iiinova — where your digital self keeps evolving

Dave Lauer @dlauer.bsky.social · 16/07/2026

Totally agree with Linus on his note about AI coding here.

010

Dave Lauer @dlauer.bsky.social · 10/11/2025

Tough to be a short seller these days.

060

Dave Lauer @dlauer.bsky.social · 10/11/2025

Looks like there might be a deal to end the shutdown.

010

Dave Lauer @dlauer.bsky.social · 13/05/2025

WOW! Pete Rose and Shoeless Joe could be in the MLB Hall of Fame soon.

010

Dave Lauer @dlauer.bsky.social · 13/05/2025

Looks like being an online troll has some consequences.

050

Dave Lauer @dlauer.bsky.social · 30/04/2025

Citadel wants this SEC to make it WAY MORE difficult for future SECs to propose new rules, by imposing an impossible standard for analysis on any interrelated rules.

010

Dave Lauer @dlauer.bsky.social · 30/04/2025

Citadel explicitly calls out IEX in this "white paper" urging the SEC to take away their protected quote status. IEX must be doing something right...

110

Dave Lauer @dlauer.bsky.social · 30/04/2025

Citadel doesn't think brokers should have to maintain records for their customers to tell them how their orders were routed.

111

Dave Lauer @dlauer.bsky.social · 30/04/2025

Also Citadel thinks the CAT should go away - "re-consider the entire project" and it "should be authorized by Congress." Good luck with that... how much did Ken donate to Congress last cycle?

110

Dave Lauer @dlauer.bsky.social · 30/04/2025

LOL Citadel is upset that brokers and asset managers don't want to trade with them, so they're telling the SEC to get rid of "private rooms" in ATSs.

1118

Dave Lauer @dlauer.bsky.social · 04/04/2025

The retaliation begins, and the economic damage starts to increase. The "Liberation Day" tariffs were just the beginning. Markets already down about another 3%.

121

Dave Lauer @dlauer.bsky.social · 03/04/2025

Russell 2000 is now down over 20% from its peak. Nasdaq is down 16.5%. S&P down 12.7%. Hard to see a reason why you want to buy the dip here.

Russell 2000 6 month chart showing a decline of over 20%

Nasdaq 6 month chart showing a decline of 16.5%

S and P 6 month chart showing a decline of 12.7%

040

Dave Lauer @dlauer.bsky.social · 03/04/2025

Even more interesting is how this massive tax hike will result in inflation. It will both shrink GDP and increase prices - which is a pretty tough combo to pull off. This can ultimately result in stagflation. Once stagflation starts, monetary policy will struggle.

100

Dave Lauer @dlauer.bsky.social · 02/04/2025

Here are the full list of tariffs, as markets drop. Interestingly, Canada and Mexico aren't on the list.

152

Dave Lauer @dlauer.bsky.social · 27/03/2025

Atkins confirmation hearing starting now. Interesting excerpt from his written testimony. It's mostly focused on digital assets, which will likely be the theme of his tenure at the SEC.

161

Dave Lauer @dlauer.bsky.social · 17/03/2025

Pew research visualizes this pretty well and it's so gross.

021

Dave Lauer @dlauer.bsky.social · 01/03/2025

This is absolutely one of the most Vermont protest signs I've ever seen, and as nasty as you can get without calling him a Jerry.

240

Dave Lauer @dlauer.bsky.social · 10/02/2025

After 3 days in NOLA my legs don't work, my stomach is angry with me and I can't speak above a whisper. Go Birds!

1100

Dave Lauer @dlauer.bsky.social · 07/02/2025

Just so we're all clear, threatening policies that will raise prices tends to become self fulfilling. Inflation expectations are rising, and inflation usually follows. Next Fed move could be a hike, not a cut.

000

Dave Lauer @dlauer.bsky.social · 06/02/2025

So Trump's public company DJT has recently registered trademarks for brand names connected to customized ETFs and SMAs. It also issued cabinet members stock. This company is regulated by Trump's SEC and FTC, in case you're wondering if this is all above board.

2117

Dave Lauer @dlauer.bsky.social · 03/02/2025

Tariffs on Mexico and Canada are delayed for 30 days, no word yet on the 10% tariffs on China. Those are actually a good idea that addresses a real economic and national security problem, but we'll see what influence Bezos and Amazon can wield.

051

Dave Lauer @dlauer.bsky.social · 03/02/2025

And just like that, Canadian tariffs aren't happening this week.

010

Dave Lauer @dlauer.bsky.social · 03/02/2025

Mexican President announces that Trump has agreed to pause the tariffs for one month. Mexico has agreed to send 10k National Guard to the border to address drug smuggling. The US will try to prevent high-powered weapon smuggling INTO Mexico.

261

Dave Lauer @dlauer.bsky.social · 02/02/2025

From Bloomberg, these tariffs affect about $1.3 trillion of trade, 43% of U.S. imports, and 5% of U.S. GDP. Much harder on Mexico/Canada than China.

063

Dave Lauer @dlauer.bsky.social · 02/02/2025

Oh, this US the actual reason for tariffs on Canada

010

Dave Lauer @dlauer.bsky.social · 02/02/2025

Interesting take with Trump threatening to double the tariffs if there's retaliation. Retaliation still seems highly likely, targeting automotive and alcohol to start.

160

Dave Lauer @dlauer.bsky.social · 01/02/2025

Tariffs on Canada and Mexico are such a remarkably bad idea it's hard to even know where to start. It'll likely plunge both countries into recession, there will be retaliatory tariffs and possibly halting energy shipments, fueling US inflation. Mutually Assured Economic Destruction.

2113

Dave Lauer @dlauer.bsky.social · 30/01/2025

In case you were worried about AI coming for your job... don't be.

060

Dave Lauer @dlauer.bsky.social · 24/01/2025

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.

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.

2397

Dave Lauer @dlauer.bsky.social · 13/01/2025

They failed to submit blue sheets, and violated Reg SHO by not closing out FTDs in their fractional trading program. They also mismarked millions of short sales because they failed to calculate their proprietary position.

241

Dave Lauer @dlauer.bsky.social · 11/12/2024

This is of course objectively hilarious. Unless you're Canadian, in which case you're deeply offended. But that's ok because even an offended Canadian will apologize to you and hold the door open.

020

Dave Lauer @dlauer.bsky.social · 21/11/2024

Four years, and this is the sum total of equity market reforms the SEC points to. T+1 is a big deal, but was likely to happen anyway. Nothing done on off-exchange trading and concentration of market makers. Nothing done on best execution.

250

Dave Lauer @dlauer.bsky.social · 21/11/2024

Gensler announces he is resigning on Jan 20. Notably only one stock is mentioned in the SEC press release announcing this - $GME!

1100

Dave Lauer @dlauer.bsky.social · 20/11/2024

Here are the current contenders for the SEC Chair in the Trump admin. Focus clearly seems to be crypto - not clear that any of them would be interested in equity market structure reform.

190

Dave Lauer @dlauer.bsky.social · 15/11/2024

Former SEC Chair Jay Clayton named as prosecutor in the Southern District of NY, where most financial crimes cases are brought. His SEC brought a bunch of crypto cases, but general wasn't known for being aggressive with enforcement.

161

Dave Lauer @dlauer.bsky.social · 14/11/2024

Trade wars and tariffs increase prices. This is generally a given. There may be some trends where those prices increases moderate slightly in the intermediate/long-term as production is on-shored, but that's not guaranteed.

061

Dave Lauer @dlauer.bsky.social · 13/11/2024

October inflation numbers out today, both CPI (2.6%) and Core CPI (3.3%) meeting expectations. No surprises, so a 25 bp cut by the Fed at the Dec meeting is still expected.

160

Dave Lauer @dlauer.bsky.social · 12/11/2024

And now for something completely different, a post c-section video from a vet friend.

140

Dave Lauer @dlauer.bsky.social · 12/11/2024

Korea continues its crackdown against naked shorting, with violations by Barclays and Citibank. www.kedglobal.com/short-sellin...

180

Dave Lauer @dlauer.bsky.social · 12/11/2024

LOL how can he make my steak even better?! theonion.com/kenji-lopez-...

150

Dave Lauer @dlauer.bsky.social · 12/11/2024

Ethereum and Bitcoin ETFs seeing record inflows. Whoever Trump puts in charge of the SEC will be pro-crypto, and Congress will be very crypto friendly. Bitcoin Strategic Reserve might be on the table.

260