Remy Blaire: And with midday trade underway, [unclear: “let’s go after Chicago for next season”]. Contributor Errol Coleman joins us live from the trading floor. Hi, Errol.
Errol Coleman: Well, here we are, counting down the hours until the market closes here in New York. And what a week it has been. So much volatility, so many headlines to digest.
Remy Blaire: So what activity are you following this afternoon?
Errol Coleman: Yeah, no, happy Friday, Remy. I mean, today has surprisingly been one of the more volatile days this week. Right now we see volatility sitting just above 20, and 20 has really been that threshold where we kind of perceive volatility to be relatively high or relatively low. So again, it’s been all eyes on volatility in the broader market. Like the Nasdaq, we had seen over an 800-point sell-off on the Nasdaq from the pre-market pop that we had seen when some of the data came out, and now it’s trading down near the lows. The market’s trying to find its footing right now. We’ve just been consolidating for the past 45 minutes. Exciting day, high volatility, but it’s been kind of an exhausting week, I will put it that way. Headlines left and right. And also keeping an eye on Nvidia at the same time, down just a little bit over 3% right now as we speak, Remy.
Remy Blaire: Yeah. And while you’re with us, let’s take a quick look at prediction markets. Despite seeing a sea of red today, some tech investors are excited about rumors of a Tesla SpaceX mega merger, and Bloomberg is reporting that an announcement is close. So what are Polymarket traders saying?
Errol Coleman: Yeah. And I like how you made the distinction that it’s going to be an announcement, not an official merger just yet. But right now, Polymarket, in these prediction markets, is pricing in that we should see an announcement maybe by December 31st, 2026. Right now that’s being priced in at about 31%. January 31st, 2027, a month after, is being priced in at 41%. So those odds increase by about 10% there. And then February 28th, 2027, 45%. So those odds increase a little bit more. So it’s looking like it’s favoring the beginning of the new year in 2027, but a 31% chance is still favorable, because I want us to keep in mind these are just probabilities. Just 72 hours ago, we were pricing in a 13% chance that Jensen Huang was not going to be removed as CEO in less than 24 hours. 24 hours later, he was removed, on that 14%. So we understand how probabilities work. And once again, it’s going to be 31% by December 31st, 41% by January 31st, and 45% by February 28th. Remy.
Remy Blaire: Yeah, yeah. And as you mentioned, a lot can happen in 24 hours. So we will have to wait and see, and we will find out, hopefully, before the end of the year. So Errol, thank you so much for joining us, and have a great weekend.
Errol Coleman: Thanks, Remy. Have a great weekend.
