https://youtu.be/4wTGplX0lEs The 10 year Treasury yield has gone parabolic. It’s sitting just shy of 5.3% on a slope that looks like a launch trajectory. That chart should strike fear into every trader. I’m getting long bonds anyway. Bonds have sold off from 108. They hit the 102 handle today. I think this is the trade of the decade. I’d even call that an understatement. The S&P 500 barely notices any of it. The AI trade keeps ignoring the bond market, and Meta is still a total love affair on Wall Street. Semiconductors rose about 1% today. The S&P 500 still slipped as Apple shattered the lower edge of its expected move. Plenty of stocks are taking dramatic hits underneath the index. The advance decline line has been terrible, and a ton of names sit in bear market territory. Tomorrow morning brings PCE and GDP data. PCE was Jerome Powell’s favorite

https://youtu.be/kESTK0ZNPm4 Crude oil has topped out between 11:30 AM and noon Eastern for five straight sessions. Brandon Chapman caught the pattern this week. Every time oil rolled over, the S&P 500 caught a lift. The Iran headlines kept landing in that same window. Brandon calls these headlines interference. They’re overriding the gamma levels traders normally lean on, at least for now. Yet, his real edge starts before the opening bell. He checks one private screen, then makes his trading decision in about 6 minutes. On Thursday, October 1 at 2:00 PM ET, I’m opening that screen live. It’s called THE SWITCHBOARD. All 71 of Brandon’s documented trades go on screen. Save your free seat for THE SWITCHBOARD on Thursday at 2:00 PM ET Now, in tonight’s video, Brandon also shows how to read this week’s headline chop session by session: Thursday’s rally came on talk of a framework toward a

https://youtu.be/VuFnaY5PkbM The 30 year Treasury yield hit 5.44% on Thursday. That’s its highest level since 2004. I’m buying bonds right into it. I’m short bond futures puts at the 104, 103, and 102 strikes. I also bought bonds outright. I see an opportunity few traders get in a generation. I’m also ready for some near term pain. If the 30 year yield climbs to 6.5%, bonds could drop another 10 to 13 points. I’ll load up more if that happens. The stock market gives me another reason to want bonds. A handful of names hold the S&P 500 together, and I expect a wicked rotation back into bonds when they crack. Here’s what I break down in this weekend’s video: Only 45% of S&P 500 stocks traded above their 200 day moving averages on September 24th. A month earlier, 70.57% did. Just 25.44% sat above their 50 day moving averages,

https://youtu.be/yKDrf9lDr3s Blake Young found a trade that pays 2.76% in one month. Annualize that…and you’ve got a VERY healthy return. Dow (the chemical company) would have to drop 7.5% before he loses a single penny. If Dow does fall that far, Blake owns it at a discount. Then he starts collecting a 4.9% dividend yield. That setup comes out of a market going nowhere. The S&P 500 and the QQQ both gapped down today, filled the gap, and closed right back at yesterday’s level. Blake doesn’t read that as bullish or bearish. He isn’t convinced we break out over the next couple of days or weeks. He went hunting for the next inflection point instead. He found it in basic materials. Materials should normally benefit from higher costs and higher inflation. The XLB has dropped back to long term support anyway. Blake’s one year chart shows that level holding again

https://youtu.be/FOV8YMSiKHs More S&P 500 stocks are moving against the index right now than I’ve ever seen. The last time I saw anything close was the dot com peak. That’s a record share of stocks trading with negative beta. Beta measures how a stock moves relative to the S&P 500. A beta of 1 means your stock moves about 1% for every 1% move in the index. Negative beta flips that relationship. If the S&P 500 rallies 1%, a negative beta stock might drop 1%. I first saw this stat in a post on X. I didn’t believe it. I ran my own numbers all the way back to 1990. The data was worse than the post. The share of negative beta stocks peaked at 42% on August 7th, 2026. It sits at 34% today. The one year beta tells the same story. On that measure, 17% of S&P 500 stocks