[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @BenKizemchuk Ben Kizemchuk Ben Kizemchuk posts on X about derivatives, spx, vix, balance sheet the most. They currently have XXXXXX followers and 1500 posts still getting attention that total XXXXX engagements in the last XX hours. ### Engagements: XXXXX [#](/creator/twitter::376887294/interactions)  - X Week XXXXXX -XX% - X Month XXXXXXX +81% - X Months XXXXXXXXX +311% - X Year XXXXXXXXX +1,089% ### Mentions: XX [#](/creator/twitter::376887294/posts_active)  - X Month XXX +5.50% - X Months XXX +91% - X Year XXXXX +287% ### Followers: XXXXXX [#](/creator/twitter::376887294/followers)  - X Week XXXXXX +0.52% - X Month XXXXXX +16% - X Months XXXXXX +86% - X Year XXXXXX +367% ### CreatorRank: XXXXXXXXX [#](/creator/twitter::376887294/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) [stocks](/list/stocks) **Social topic influence** [derivatives](/topic/derivatives) #68, [spx](/topic/spx) #251, [vix](/topic/vix) #218, [balance sheet](/topic/balance-sheet) #884, [alltime](/topic/alltime), [momentum](/topic/momentum), [stocks](/topic/stocks), [$spx](/topic/$spx), [i am](/topic/i-am), [collection](/topic/collection) **Top accounts mentioned or mentioned by** [@profplum99](/creator/undefined) [@headednine](/creator/undefined) [@bickerinbrattle](/creator/undefined) [@fejauinc](/creator/undefined) [@bobeunlimited](/creator/undefined) [@dannydayan5](/creator/undefined) [@wbmosler](/creator/undefined) [@mmtmacrotrader](/creator/undefined) [@wabuffo](/creator/undefined) [@goatdsalmon](/creator/undefined) [@investornick](/creator/undefined) [@spotgamma](/creator/undefined) [@lordpos3idon](/creator/undefined) [@henryro23231082](/creator/undefined) [@dampedspring](/creator/undefined) [@compounds365](/creator/undefined) [@humbertoara2601](/creator/undefined) [@vladtheinflator](/creator/undefined) [@bankunlimited](/creator/undefined) [@optionssly](/creator/undefined) **Top assets mentioned** [SPX6900 (SPX)](/topic/$spx) [SPDR S&P XXX ETF Trust (SPY)](/topic/$spy) [Vixco (VIX)](/topic/$vix) ### Top Social Posts Top posts by engagements in the last XX hours "The year-over-year margin growth rate declined in November falling below 40%. Historically similar downturns have preceded significant SPX drawdowns averaging about XX% over the following XX months" [X Link](https://x.com/BenKizemchuk/status/1999082307320443095) 2025-12-11T11:42Z 11.2K followers, 9947 engagements "The 20-day correlation between SPX and VIX is currently at an extreme -XXXXX Historically such levels are typically observed during severe market declines. Today is only the second time since 2003 that such a correlation has occurred near an SPX all-time high. The previous instance was July XX 2015" [X Link](https://x.com/BenKizemchuk/status/1999146759843352742) 2025-12-11T15:58Z 11.2K followers, 7427 engagements "There is a good chance we just saw our first bear market rally of this cycle. Not a certainty but a good chance. It certainly sucked in many late bulls (and anons) as would be customary if that were the case. Steadfast bulls appear to be clinging to somewhat less than robust narratives ignoring the rather obvious long term degradation in price / momentum now in (former) market leaders. For the first time in a long time its genuinely unclear to me what the bull case actually is at the moment. Continuing debt-funded capex without cashflow Replacing one computer chip with another Angry CEOs" [X Link](https://x.com/BenKizemchuk/status/1994756233513885746) 2025-11-29T13:12Z 11.2K followers, 45.7K engagements "Was that a bear market rally starter pack 👇" [X Link](https://x.com/BenKizemchuk/status/1994931859172856291) 2025-11-30T00:49Z 11.2K followers, 70.4K engagements "I am honoured to participate in the inaugural Less Noise More Signal year-end report an insightful collection of diverse views on financial markets and the economy. Lots in here to think about over the holidays. Thank you @pahueg for putting this together" [X Link](https://x.com/BenKizemchuk/status/1995614677431439644) 2025-12-01T22:03Z 11.2K followers, 5272 engagements "📺Rate cuts will slow the economy Please watch this video where Douglas nails it once again h/t @MMTmacrotrader" [X Link](https://x.com/BenKizemchuk/status/1995938666808836481) 2025-12-02T19:30Z 11.2K followers, 7204 engagements "Fed cuts are unlikely to spur a broad-based boom in lending for the simple reason that people are losing jobs. People don't borrow money just because rates go down. They need to feel comfortable and secure in signing up for a long term series of cash outflows. If job losses outside of AI-capex-spending continue that sentiment is likely to evaporate. Consumers also need something to borrow for. Cars and BNPL/personal loans are not enough to cause a lasting boom. What about residential mortgages Housing affordability in 2025 is not necessarily a function of cashflow/debt service but of down" [X Link](https://x.com/BenKizemchuk/status/1996229467673424147) 2025-12-03T14:46Z 11.2K followers, 6042 engagements "Lowest 3day cumulative volume on $SPY since August XX. A buyers' strike" [X Link](https://x.com/BenKizemchuk/status/1996292259491238022) 2025-12-03T18:55Z 11.2K followers, 10.6K engagements "Stock indices appear to be sitting atop a massive air pocket" [X Link](https://x.com/BenKizemchuk/status/1997318705861062791) 2025-12-06T14:54Z 11.2K followers, 22.8K engagements "Friday saw Demark 9s on spy qqq iwm implying rally exhaustion" [X Link](https://x.com/BenKizemchuk/status/1997626527501230212) 2025-12-07T11:17Z 11.2K followers, 15.1K engagements "@StratonCokemont @Pacman19746 One of us is licensed and regulated the other isn't. As for proof of profit again one of us is regulated and the other isn't:" [X Link](https://x.com/BenKizemchuk/status/1998029656608682478) 2025-12-08T13:59Z 11.2K followers, XXX engagements "Many expect Fed tbill purchases to lift markets. Fed purchases means only about $XX billion in net new bill supply is added in 2026. This likely materially tightens the availability of collateral and caps balance sheet capacity for derivatives markets. Less leverage does not usually lift markets" [X Link](https://x.com/BenKizemchuk/status/1999281599993516443) 2025-12-12T00:54Z 11.2K followers, 9133 engagements "Ample reserves does not guarantee easy leverage. When tbill supply becomes heavily absorbed by the Fed the system loses the safe collateral that actually supports private sector balance sheet expansion. The notional value of derivatives globally is about $XXX trillion and the plumbing that supports that scale depends on the continuous flow of high quality collateral tbills. When that flow stops there is nothing to anchor it's expansion. Funding rates are likely to rise even though reserves are abundant. Repo tightens collateral reuse slows. In turn institutional/dealer balance sheets likely" [X Link](https://x.com/BenKizemchuk/status/1999427693931028545) 2025-12-12T10:34Z 11.2K followers, 2148 engagements "1) No. When Fed buys bills banking system receives reserves and deposits rise corresponding to reserve rise. But reserves are not substitute for tbills. Reserves settle payments for banks but they cannot post reserves as collateral in repo derivatives margin or securities lending. So even if banks end up with more reserves the system does not regain the lost collateral capacity. No amount of reserve creation replaces the loss of tbills as collateral. 2) Treasury is already issuing primarily tbills" [X Link](https://x.com/BenKizemchuk/status/1999448524555981214) 2025-12-12T11:57Z 11.2K followers, XXX engagements ""We are hardly down" is the point. Revisited old Oct high and now the bear market rally has peaked decline incoming in my opinion. Is there an alternative explanation for the market activity you describe Cyclicals financials industrials discretionary metals are peaking indicative and right on cue for late high vs index. Particularly metals. This is textbook. Financials as a large component of r2k are picking up LS flow. JPM vs everyone else is the story which shows you the LS flow. Healthcare is mostly garbage stocks so LS degrossing is forcing an index flow higher here as well. You can see" [X Link](https://x.com/BenKizemchuk/status/1999835580419506687) 2025-12-13T13:35Z 11.2K followers, XX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@BenKizemchuk Ben Kizemchuk
Ben Kizemchuk posts on X about derivatives, spx, vix, balance sheet the most. They currently have XXXXXX followers and 1500 posts still getting attention that total XXXXX engagements in the last XX hours.
Engagements: XXXXX #
- X Week XXXXXX -XX%
- X Month XXXXXXX +81%
- X Months XXXXXXXXX +311%
- X Year XXXXXXXXX +1,089%
Mentions: XX #
- X Month XXX +5.50%
- X Months XXX +91%
- X Year XXXXX +287%
Followers: XXXXXX #
- X Week XXXXXX +0.52%
- X Month XXXXXX +16%
- X Months XXXXXX +86%
- X Year XXXXXX +367%
CreatorRank: XXXXXXXXX #
Social Influence
Social category influence finance stocks
Social topic influence derivatives #68, spx #251, vix #218, balance sheet #884, alltime, momentum, stocks, $spx, i am, collection
Top accounts mentioned or mentioned by @profplum99 @headednine @bickerinbrattle @fejauinc @bobeunlimited @dannydayan5 @wbmosler @mmtmacrotrader @wabuffo @goatdsalmon @investornick @spotgamma @lordpos3idon @henryro23231082 @dampedspring @compounds365 @humbertoara2601 @vladtheinflator @bankunlimited @optionssly
Top assets mentioned SPX6900 (SPX) SPDR S&P XXX ETF Trust (SPY) Vixco (VIX)
Top Social Posts
Top posts by engagements in the last XX hours
"The year-over-year margin growth rate declined in November falling below 40%. Historically similar downturns have preceded significant SPX drawdowns averaging about XX% over the following XX months"
X Link 2025-12-11T11:42Z 11.2K followers, 9947 engagements
"The 20-day correlation between SPX and VIX is currently at an extreme -XXXXX Historically such levels are typically observed during severe market declines. Today is only the second time since 2003 that such a correlation has occurred near an SPX all-time high. The previous instance was July XX 2015"
X Link 2025-12-11T15:58Z 11.2K followers, 7427 engagements
"There is a good chance we just saw our first bear market rally of this cycle. Not a certainty but a good chance. It certainly sucked in many late bulls (and anons) as would be customary if that were the case. Steadfast bulls appear to be clinging to somewhat less than robust narratives ignoring the rather obvious long term degradation in price / momentum now in (former) market leaders. For the first time in a long time its genuinely unclear to me what the bull case actually is at the moment. Continuing debt-funded capex without cashflow Replacing one computer chip with another Angry CEOs"
X Link 2025-11-29T13:12Z 11.2K followers, 45.7K engagements
"Was that a bear market rally starter pack 👇"
X Link 2025-11-30T00:49Z 11.2K followers, 70.4K engagements
"I am honoured to participate in the inaugural Less Noise More Signal year-end report an insightful collection of diverse views on financial markets and the economy. Lots in here to think about over the holidays. Thank you @pahueg for putting this together"
X Link 2025-12-01T22:03Z 11.2K followers, 5272 engagements
"📺Rate cuts will slow the economy Please watch this video where Douglas nails it once again h/t @MMTmacrotrader"
X Link 2025-12-02T19:30Z 11.2K followers, 7204 engagements
"Fed cuts are unlikely to spur a broad-based boom in lending for the simple reason that people are losing jobs. People don't borrow money just because rates go down. They need to feel comfortable and secure in signing up for a long term series of cash outflows. If job losses outside of AI-capex-spending continue that sentiment is likely to evaporate. Consumers also need something to borrow for. Cars and BNPL/personal loans are not enough to cause a lasting boom. What about residential mortgages Housing affordability in 2025 is not necessarily a function of cashflow/debt service but of down"
X Link 2025-12-03T14:46Z 11.2K followers, 6042 engagements
"Lowest 3day cumulative volume on $SPY since August XX. A buyers' strike"
X Link 2025-12-03T18:55Z 11.2K followers, 10.6K engagements
"Stock indices appear to be sitting atop a massive air pocket"
X Link 2025-12-06T14:54Z 11.2K followers, 22.8K engagements
"Friday saw Demark 9s on spy qqq iwm implying rally exhaustion"
X Link 2025-12-07T11:17Z 11.2K followers, 15.1K engagements
"@StratonCokemont @Pacman19746 One of us is licensed and regulated the other isn't. As for proof of profit again one of us is regulated and the other isn't:"
X Link 2025-12-08T13:59Z 11.2K followers, XXX engagements
"Many expect Fed tbill purchases to lift markets. Fed purchases means only about $XX billion in net new bill supply is added in 2026. This likely materially tightens the availability of collateral and caps balance sheet capacity for derivatives markets. Less leverage does not usually lift markets"
X Link 2025-12-12T00:54Z 11.2K followers, 9133 engagements
"Ample reserves does not guarantee easy leverage. When tbill supply becomes heavily absorbed by the Fed the system loses the safe collateral that actually supports private sector balance sheet expansion. The notional value of derivatives globally is about $XXX trillion and the plumbing that supports that scale depends on the continuous flow of high quality collateral tbills. When that flow stops there is nothing to anchor it's expansion. Funding rates are likely to rise even though reserves are abundant. Repo tightens collateral reuse slows. In turn institutional/dealer balance sheets likely"
X Link 2025-12-12T10:34Z 11.2K followers, 2148 engagements
"1) No. When Fed buys bills banking system receives reserves and deposits rise corresponding to reserve rise. But reserves are not substitute for tbills. Reserves settle payments for banks but they cannot post reserves as collateral in repo derivatives margin or securities lending. So even if banks end up with more reserves the system does not regain the lost collateral capacity. No amount of reserve creation replaces the loss of tbills as collateral. 2) Treasury is already issuing primarily tbills"
X Link 2025-12-12T11:57Z 11.2K followers, XXX engagements
""We are hardly down" is the point. Revisited old Oct high and now the bear market rally has peaked decline incoming in my opinion. Is there an alternative explanation for the market activity you describe Cyclicals financials industrials discretionary metals are peaking indicative and right on cue for late high vs index. Particularly metals. This is textbook. Financials as a large component of r2k are picking up LS flow. JPM vs everyone else is the story which shows you the LS flow. Healthcare is mostly garbage stocks so LS degrossing is forcing an index flow higher here as well. You can see"
X Link 2025-12-13T13:35Z 11.2K followers, XX engagements