TRANSCRIPT

Good evening, and welcome back to the INFORMANT MARKET DESK, where we remain comically stunned that the market did not care, even though it absolutely did not care. Tonight's broadcast is an evening wrap-up, looking at a day defined by the same silent scream from the swamp, proving that even with some number of followers, he still cannot figure out how to hit 'post' without accidentally burning down the server room. While our two colleagues, who are both wrong, traded insults about a "silent media blackout" and people screaming that the market will punish him only for the stock to keep sipping its martini unperturbed, reality presented itself in numbers so precise they make the pundits look like toddlers arguing over whose crayon is slightly more orange. Let us read the registry seal aloud once, somewhere in the broadcast, using EXACTLY the packet's own words, word for word: nine one four nine alpha delta nine six foxtrot zero delta bravo. There, now the date is proven by a hostage.

The day began with 21 posts on Truth Social, which generated three finalized bursts, but let us focus on what actually moved the needle because, frankly, the market speaks in a language of percentages that our pundits struggle to decode. The top measured move saw X:ETHUSD rose +0.97% (88th percentile), followed closely by a second instance where X:ETHUSD rose +0.93% (86th percentile). It is a rare sight to see the same ticker climb twice in one day and have our analysts pretend this isn't a statistically significant event. Meanwhile, X:BTCUSD rose +0.72% (86th percentile) and later X:BTCUSD rose +0.69% (85th percentile), proving that while the pundits are screaming about an impending crash, the digital assets are just along for the ride, climbing steadily as if they own the place. Even VIXY rose +0.95% (75th percentile), which is a nice way of saying that when fear goes up, so do the weird inverse ETFs we pretend not to understand, while the rest of the market ignores the drama entirely.

Now let us talk about rates, because if there was ever a moment to discuss the irony of inflation persistence, this is it. The 10-year Treasury yield jumped +7 basis points to 5.18% on September 24, 2026 — 2-year 4.87%, 30-year 5.47%. Yes, the 10-year is highest since July 6, 2007, and here we are, seven decades later, still discussing yields. The 2-year to 10-year spread is 31 basis points, and the 10-year to 30-year spread is 29 basis points, creating a curve that suggests the economy is either broken or just incredibly stubborn, neither of which is surprising given the context. Look at the breakevens: the 10-year breakeven is 2.33% (nominal 5.18% minus real 2.85%), while the 30-year breakeven is 2.26% (nominal 5.47% minus real 3.21%). The nominal moved +7 basis points over the same window from September 23, 2026, while the 10-year breakeven moved -2 basis points on the day. To see a real yield of 2.85% or 3.21% in this era is to look into a mirror and not recognize your own face, yet here we are, paying attention to these tiny shifts while the pundits argue about who won the imaginary battle of the blank media feed.

The final verdicts on the bursts seal the day's absurdity. The 1st burst saw 13 posts over 132 minutes — X:BTCUSD rose +0.92% (81st percentile). The 2nd burst was a whirlwind of 6 posts over 10 minutes — VIXY rose +0.95% (75th percentile). And the 3rd burst? That was 1 posts over 0 minutes — VIXY rose +0.51% (55th percentile). One post, zero minutes, and yet the price moved. It is a level of efficiency that defies all known laws of physics and economics. We had media stories about garbage bags on the White House lawn with CNN and MSNBC logos, adding to the surreal backdrop of a presidency that seems to be managed by a committee of confused interns and conspiracy theorists. Our right-side pundit claims you can "taste" victory while we plan our victory lap because you can feel the winning, which is a bold claim for someone who has been wrong every single time they opened their mouth this week.

This week's poll asks: Is the market up because of genius economics or just because the alternative was a total collapse? Vote on the site with these options: Genius Economics, Panic Buying, Or Just Noise. The jury remains out, as do our pundits, who continue to argue about audio bombs and lovely people while the Treasury yields climb and the crypto markets rise. We will be back tomorrow for more of this delightful chaos, promising a correction segment with the enthusiasm of a man who has one ready, though we know it won't happen. The market is fine. I am the one who is not fine. Goodnight.

And now we're going over to the booth for our sharpest take on Trump's crypto silence and that massive ETH surge. Let's hear from Margo and the team.

Margo watches Trump send up a digital smoke signal composed entirely of blank slates while the market surges on crypto gains, proving that even his silence can't stop investors from finding value in things he hasn't even bothered to mention.

Back with Margo and the crew, but the real story is in the data: X:ETHUSD actually climbed +0.97%, landing firmly in the 88th percentile.