Santini Air

Last Friday, when the market was down only 2%, we presented readers with a note which promptly became the most read piece across Wall Street trading desks, which was written by JPM's head quant Marko Kolanovic, who correctly calculated the option gamma hedging imbalance into the close, and just as correctly predicted the closing dump on Friday which according to many catalyzed Monday's "limit down" open.

It is now legal for law enforcement in North Dakota to fly drones armed with everything from Tasers to tear gas thanks to a last-minute push by a pro-police lobbyist. With all the concern over the militarization of police in the past year, no one noticed that the state became the first in the union to allow police to equip drones with “less than lethal” weapons.

Meet "Affirm", a startup from PayPal co-founder Max Levchin whose mission is, according to the "company" section of their website, "[to use] modern technology to re-imagine and re-build core components of financial infrastructure from the ground up… focusing on improving the lives of everyday consumers with less expensive, more transparent financial products." Can’t decipher that? That’s ok, neither can we.