Sent 7/24/2026 · Public read after a 24-hour delay

Markets are calm. That's the problem.

This public read omits positions, sizing and private email details. It is not a complete copy of the email.

SPY: 739.15.

QQQ: 691.73.

VIX: 18.77.

Market State 5 of 9: Chop, bearish bias.