"Claiming victim status, Powell proceeds to call his political friends in DC and around the world to jin up support for himself... local district court judge James Boseberg, whose written decision on its face makes clear his antipathy toward President Trump and this administration." The market relies on the Federal Reserve for stability and predictable forward guidance. A sitting Fed Chair embroiled in a bitter, highly publicized legal and political war with the administration introduces massive tail risk. Markets abhor uncertainty, and the prospect of the Fed Chair facing ongoing threats of criminal indictment will likely trigger sudden spikes in equity market volatility as institutional investors price in leadership instability. LONG VXX to capture the rising uncertainty premium and potential market shocks stemming from this ongoing legal clash. Markets completely ignore the political drama, focusing strictly on underlying macroeconomic data and corporate earnings, leading to a continued volatility crush.