Polarity Radio with David Levenson

Episode 130 - Policy equivalence. Swing trend lines and vega congruity. #PolarityRadio 2/1/26

05 Feb 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 129 - Global deleveraging is accelerating. It won't stop in 2026. #PolarityRadio 1/31/26

05 Feb 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 128 - Software will drag hardware into a bear market. #PolarityRadio 1/30/26

05 Feb 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 127 - Don't let the shiny object fool you. We are losing liquidity. #PolarityRadio 1/28/26

30 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 126 - Mortgage rates continue lower with treasury volatility. #PolarityRadio 1/27/26

30 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 125 - The markets plumbing is losing pressure. Crypto leakage. #PolarityRadio 1/25/26

26 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 124 - Accelerating UMBS prepayments are starting to bid bonds. #PolarityRadio 1/24/26

26 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 123 - Watch capital flow. BTC to TOL, IGV to ITB NDX to UMBS. #PolarityRadio 1/23/26

26 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 122 - MSTR dragging BTC, QQQ, and mortgage rates lower. #PolarityRadio 1/22/26

26 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 121 - IGV, MSFT, MSTR, UMBS. Yield meltdown. #PolarityRadio 1/21/26

26 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 120 - Acclerating decay in MAMA FAANGM. Mortgage rates. #PolarityRadio 1/17/26

26 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 119 - NVDA must reach a 1 year low price. #PolarityRadio 1/20/26

21 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 118 - Tech and communications capital flight into low beta. #PolarityRadio 1/13/26

19 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 117 - DXY softened on Powell, but it won't help EM currencies. #PolarityRadio 1/11/26

19 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 116 - Trump trumped Powell. Low beta dominance. #Polarity Radio 1/9/26

19 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 115 - Atlanta Fed rose 270bps. 30Y mortgage 2bps lower. Lower rates,

19 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 114 - Venezuela will send the US 50 millions barrels of oil. #PolarityRadio 1/6/26

19 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 113 - The week, month, and quarter ahead. #PolarityRadio 1/4/26

09 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 112 - Venezuela's impact on markets in H1 26. #PolarityRadio 1/3/26

09 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 111 - Preview innovation deflation and bitcoin decay. #PolarityRadio 1/2/26

09 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 110 - Countdown to the genesis sequential BTC down year. #PolarityRadio 1/1/26

09 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 109 - Acceleration of beta Bitcoin and rate deflation. #PolarityRadio 12/31/25

09 Jan 2026

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 108 - Falling rates. ABCDE. Accelerating C1 Bitcoin Decimal Evaporation.

30 Dec 2025

Contributed by Lukas

David Levnenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 107 - Silver's rising entropy will not return to crypto this decade. #PolarityRadio 12/27/25

29 Dec 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 106 - Bitcoin & 2y yield deflation. SMH momentum decay. #PolarityRadio 12/26/25

29 Dec 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 105 - Subscriber level information on open spaces with charts. #PolarityRadio 12/25/25

29 Dec 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 104 - The NDX and Bitcoin law apogee. 10 ^ - 1 or -2. #PolarityRadio 12//21/25

29 Dec 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 103 - The organized decay of beta continues. What signals are there? #PolarityRadio 12/17/25

29 Dec 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 102 - Oil, Gasoline, Bitcoin volatility are all sliding. Watch! #PolarityRadio 12/16/25

29 Dec 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 101 - The market is organized. BTC is leading the NDX lower. #PolarityRadio 12/15/25

29 Dec 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 100 - The organized decay of beta continues. What signals are there? #PolarityRadio 12/17/25

18 Dec 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 99 - What the Fed really said. Rates reaction is anemic. #PolarityRadio 12/10/25

11 Dec 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 98 - Bitcoin can fall 1, 2, or 3 decimals. HODL is financial fentanyl. #PolarityRadio 12/6/25

07 Dec 2025

Contributed by Lukas

David Levenson discusses the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 97 - What is BTPS? Why will that drive BTC below 10k or 1k? #PolarityRadio 11/29/25

01 Dec 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 96 - Subscribers spaces. #PolarityRadio 11/25/25

26 Nov 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 95 - Dollar strenght will deflate the AI Crypto bubble. #PolarityRadio 11/19/25

19 Nov 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 94 - What happens when people notice BTC's debasement? Watch DVOL! #PolarityRadio 11/16/25

17 Nov 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 93 - Volatility markets are losing liquidity. Beware! 11/11/25 #PolarityRadio

13 Nov 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 92 - DDS Duration Derangement Syndrome. Inflation vs Deflation. #PolarityRadio 11/9/25

10 Nov 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 91 - Beta capital flight is inescapable. AI reality strikes. #PolarityRadio 11/6/25

07 Nov 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 90 - What is a beta shear stress? the $ is the AI deathknell. #PolarityRadio 11/4/25

05 Nov 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 89 - Low MOVE is driving the MVE (Mortgage Volatility Engine). #PolarityRadio 10/31/25

03 Nov 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 88 - Powell spoofed the market on QT. Why? ZROZ/QQQ, ZROZ/BTC. #PolarityRadio 10/30/25

31 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 87 - NVDA higher is -ERP. ZROZ is +ERP. Who wins? #PolarityRadio 10/28/25

29 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 86 - Curve flattening 5/30 2/10 10/30. Bad for yields SPY QQQ. #PolarityRadio 10/27/25

28 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 85 - The myth of Covid - 19 era mortgage coupon driven inertia. #PolarityRadio 10/26/25

27 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X. This podcast archives those discussions. 

Episode 84 - Volatility is exiting the sovereign market. Bad 4 banks. #PolarityRadio 10/23/25

24 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 83 - Banks and tech are in trouble. Don't believe the hype. #PolarityRadio 10/22/25

23 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 82 - Curve, volatility, and price deflation. Gold slaughter. #PolarityRadio 10/21/25

22 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 81 - Duration imbalance will drive market instability not credit. #PolarityRadio 10/20/25

21 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 80 - Falling crypto kurtosis confirms the NDX bear market. #PolarityRadio 10/17/25

17 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 79 - The problem with banks when rates fall hard. #PolarityRadio 10/17/25

17 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 78 - We are not in a repeat of April 21, 2025. Yields must fall. #PolarityRadio 10/12/25

13 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 77 - #MMA, MSFT, META, AMZN. Bond & Crypto polarity shift. #PolarityRadio 10/11/25

13 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 76 - The market's plumbing sprung more leaks today MMA down. #PolarityRadio 10/10/25

12 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 75 - The market's plumbing is leaking. MOVE is losing kurtosis. #PolarityRadio 10/9/25

10 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 74 - The system is losing leverage, capitalization and beta. #PolarityRadio 10/6/25

07 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 73 - NASDAQ 100 capital flight is accelerating. AI ~= Fiber. #PolarityRadio 10/3/25

06 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 72 - The yield curve is deflating. Ultrabond is beating NDX. #PolarityRadio 9/29/25

01 Oct 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 71 - UST volatility will continue too fall with its lower yield tail. #PolarityRadio 9/26/25

29 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 70 - 3 vectors will drive up the $ and destroy NDX earnings growth. #PolarityRadio 9/24/25

25 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 69 - We are joined by Mike Hobart for a great episode. #PolarityRadio 9/22/25

23 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 68 - Capital flow, friction, and fiction. Powell's part in these. #PolarityRadio 9/21/25.

23 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 67 - Treasury vega is melting with all vegas. RFIX. #PolarityRadio 9/18/25

19 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 66 - The RFIX PM will be explaining it offline to me. #PolarityRadio 9/17/25

18 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 65 - 3Y low 30Y mortgage rates, Atlanta Fed 3.4%. 3Y UST 3.5%. #PolarityRadio 9/16/25

18 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 64 - New YTD low 30Y fixed mortgage rate. Euro + tech will follow. #PolarityRadio 9/15/25

18 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 63 - The UST volatility curve is flattening. UST will follow. #PolarityRadio 9/13/25

14 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 62 The flattening curve is driving down mortgage rates. #PolarityRadio 9/12/25

14 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 61 - The curve will invert and drag down yields, Euro, NDX, BTC. #PolarityRadio 9/10/25

11 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 60 - The yield curve will invert and bid the $ it's bad 4 tech. #PolarityRadio 9/9/25

10 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 59 - Rates won't stop falling. The Euro & tech are next. #PolarityRadio 9/8/25

09 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 58 - The system has checkmated Powell. Rates, tech, crypto, MSTR will fall. #PolarityRadio 9/7/25

09 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 57 - Mortgage rates will drive software then FAANG lower. #PolarityRadio 04/09/25

04 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 56 - 36 month low ARM rate. Ignore bonds, watch 2s & 10s. #PolarityRadio 9/3/25

04 Sep 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 55 - The 3Y UST & 7/6 ARM telling us there is no inflation. #PolarityRadio 8/28/25

29 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 54 - The 3Y is now 79 bps below FFR. Dec 26 FFR is 2.935. #PolarityRadio 8/27/25

28 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 53 - Powell's Gordian Cut. Cut or not. Does not matter. Rates melt. #PolarityRadio 8/25/25

25 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 52 - St Barts review. Cresting credit & crypto bubble. #B7C3 2026 #PolarityRadio 8/24/25

25 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 51 - Acid Caital recasp St Barts camp/ VXN/VIX XPH/BTC. #PolarityRadio 8/21/25

22 Aug 2025

Contributed by Lukas

David Levenson breaks down the modern mechanics of markets live on X spaces. This podcast archives those discussions. 

Episode 50 - UST volatility continues decaying as liquidity increases. #PolarityRadio 8/14/25

15 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 49 - MOVE UMBS. Why are housing related equities surging? #PolarityRadio 8/1/25

13 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 48 - UST bond liquidity is rising. Data is largely priced in. #PolarityRadio 8/11/25

12 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 47 - Coppers collapse signals bank death. This is not a correction. #PolarityRadio 8/7/25

08 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 46 - What is a bank? B/D curve + credit. MCBs bill shrink massively! #PolarityRadio 8/6/25

07 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 45 - MC banks + NDX + SMH + mortgage rates + UB rates have peaked. #PolarityRadio 8/5/25

06 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 44 - The inflation narrative is coming under assault with NASDAQ. #PolarityRadio 8/1/25

04 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 43 - MOVE broke down. VIX bottomed Tuesday. Re-coherence. #PolarityRadio 8/1/25

01 Aug 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 42 - The curve has broken down and MOVE is about to join it. #PolarityRadio 7/30/25

31 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 41 - VIX local trough. Curve breakdown. DXY/SPX convergence. #PolarityRadio 7/29/25

30 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 40 - The decay of M2 growth has begun. I = MC ^ 2 NDX has peaked. #PolarityRadio 7/28/25

29 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 39 - QFT. Quantum Finance Theory. Levenson diagrams. Melting Vega. #PolarityRadio 7/27/35

28 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 38 - Underperforming NDX. Decaying Vega. Curve flattening. #PolarityRadio 7/25/25

28 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 37 - Liquidity is dying. M2 annihilation. G - > V. #PolarityRadio 7/22/25

23 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 36 - Approaching prompt roll over of beta is at hand. #PolarityRadio 7/21/25

22 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 35 - Part 2 of Friday spaces. Vega decay and equity deflation. #PolarityRadio 7/20/25

21 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions. 

Episode 34 - Tech deflation! Nested vega & cross asset compression. E2A2O. #PolarityRadio 7/18/25

19 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 33 - The MOVE is absorbing policy interference very well. #PolarityRadio 7/17/25

18 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 32 - $ resilience and MOVE rate suppresion despite policy. #PolarityRadio 7/16/25

17 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.

Episode 31 - The $ signal is unmistakeable. $ liquidity is decaying. #PolarityRadio 7/15/25

16 Jul 2025

Contributed by Lukas

David Levenson breaks down the mechanics of modern markets live on X spaces. This podcast archives those discussions.