# Summer of George Continues (EP. 15)

Page: https://stenobird.com/podcast/market-misfits-7113680/summer-of-george-continues-ep-15
Text version: https://stenobird.com/podcast/market-misfits-7113680/summer-of-george-continues-ep-15.md
Podcast: [Market Misfits](https://stenobird.com/podcast/market-misfits-7113680)
Published: 2025-07-28T22:18:45+00:00
Episode link: https://marketmisfits.podbean.com/e/summer-of-george-continues-ep-15/
Audio file: https://mcdn.podbean.com/mf/web/6gr83qc2k2eb98xc/fullaudio15.mp3
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JSON: https://stenobird.com/v1/public/podcasts/market-misfits-7113680/episodes/summer-of-george-continues-ep-15
Duration seconds: 3249

## Resource

Joe and Smiddy, and not much has changed — except the market’s still climbing and vol is still pinned. In this episode, they unpack what’s behind the slow grind higher: vol control funds, CTAs with more to buy, and a retail flow that refuses to quit. They dig into the “Summer of George” market regime, recap Cem Karsan's latest take (blow-off top or slow burn), and reflect on what it’s like trading when fundamentals take a back seat to flows. Also:– Smiddy closes out a painful $15M UNH position– Meme stocks and crypto treasury absurdity– What traders can do if they still want downside exposure– The worst-performing sector of the year– Another round of Trade or Fade

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## Transcript

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