CPI landed at 4.2% this morning, which is still more than double what the Fed keeps telling you it’s targeting, and the bond market saw the whole thing coming months ago. What I’m watching now is correlation. The selling so far has been pockets, mostly stuck in tech, and the market does not fully unwind until that selling goes broad and starts dragging down the names that have been holding up. So this morning I went on the Schwab Network and walked through three defined-risk spreads I’m working right now, every one of them aimed at a stock the crowd still thinks is safe. Here’s what’s inside the segment: → Why I’m short a homebuilder that ran from the low $120s into the mid $140s, in a sector I cannot find a single good reason to be buying right now. → The bearish position I put on against an airline

The market opened green this morning. That was the lie. The S&P jumped 75 handles out of the gate, the VIX sat there calm, and most traders exhaled.  Friday’s selloff was a one-off, they figured. Then the whole thing reversed, green turned red, and the VIX finally woke up and spiked. By the time it did, the move was already over. That is the thing about the VIX. It is not an early warning. It is a rear-view mirror. It tells you a storm hit after you are already soaked. So what tells you first? Three things were screaming this morning while the VIX slept. Volume.  The S&P was trading 8,000 contracts a minute at the reversal, the kind of number that makes traders stand up at their desks. Size moves before fear does, because big players position first and panic later. The pros hedging. There is a gauge for

The market gapped up this morning. That should worry you, not relax you. Friday got ugly. NVIDIA took a dramatic hit, Broadcom got absolutely smoked, and the options market traded a record, just shy of 110 million contracts.  Then this morning we gapped higher, opening up 66 handles. And the comfortable story wrote itself: the dip got bought, the worst is over, we’re fine. Everybody says people are buying the dip. What the hell are you talking about? Retail doesn’t wake up in the middle of the night and buy a dip.  And if they do, it’s a couple of contracts. So let me show you who was actually buying. We did roughly 430,000 contracts before the cash open even rang. That’s enormous size for pre-market, on a morning that had barely sold off, and retail does not move that kind of size overnight.  That’s institutional-sized hedging, and it’s massive.

One of the three trades I called on Schwab yesterday already hit. I went on live yesterday morning and broke down a tape that is all kinds of wrong right now.  Big tech names swinging like penny stocks while the VIX sits there half asleep, and money rotating out of the crowded AI trade and into the defensives.  Then I laid out three specific trades built around it. Here’s where they stand: Costco (COST): The rotation play. COST had been decimated alongside the other defensives, and I called it for a quick bounce. It worked. The stock popped almost 2% today and the trade hit. That one is basically done, and it’s green. The bond trade: A bearish setup on long-term Treasuries, built on sticky inflation, oil near $95, and a debt load that keeps growing. Still working, and it has room to run into August. The exact structure is

Half the biggest tech companies in the world ripped yesterday. The other half got dumped.  Dogs and cats. Microsoft went on a tear and then reversed. Amazon got hit hard. Tesla and Meta made huge moves. Google was down, Apple was down, and Nvidia held the whole freaking thing together with a side order of Broadcom.  And when the dust settled, the S&P closed up a hair, like nothing happened at all. That right there is the problem.  The number at the top of your screen told you it was a quiet, slightly green day.  Underneath it, the market was at war with itself. This is what almost nobody trading the index understands anymore. Market breadth is not what it used to be.  The advance-decline line, the thing traders have leaned on for decades to tell them whether a move is real, has become a sloppy Joe. It will fool

Here’s what’s happening this Thursday at 2PM ET. Gianni Di Poce — Breakout Specialist and one of TheoTRADE’s most trusted analysts — is going live for a free session called The Lock Point. He’s been identifying Lock Point opportunities exclusively for TheoTRADE members for three years. AMD +389% in 5 days. Tesla +155% in 4 days. HUT 8 +132% in 59 days. Every one of them identified before the move. Thursday is the first time he’s taking the full methodology public. Here’s exactly what he’s covering: The Lock Point itself — the specific chart moment that appears before nearly every major breakout, and why 99% of traders look right at it and see nothing. The exact AMD setup — the chart, the moment, and the 389% that followed in 5 days. The “tell” that fires before any headline does — and why the institutions have been protecting it for decades.

Google IPO’d in 2004. Before the IPO, Google had raised about $26 million total in two private rounds. The first was a million-dollar round in 1998 with Jeff Bezos in there as one of the early backers.  The second was $25 million led by Sequoia Capital. Then they went public and raised $1.67 billion in the IPO itself. Anthropic raised $65 billion yesterday. One round. Series H.  That’s just the alphabet, baby, that’s when you run out of letters. Eighth named funding round this company has done, and they’ve now pulled in well over $100 billion in private capital.  Valuation was $380 billion in February. It’s basically sitting at a trillion now. That just happened since February. SpaceX IPOs June 12. Raising $75 billion. Valuation around $1.8 trillion. Largest IPO in market history. Two weeks out. I want people to get their arms around what this actually is. In 20

The biggest economic data of the week came out this morning.  PCE and GDP.  The numbers everybody on financial TV spent two days hyping. You know how the market reacted? It didn’t. At the exact minute the data hit, the S&P traded 1,400 contracts. That should be eight to ten thousand.  The market looked at the most important data of the week and traded a rounding error. Nobody gave two beeps about it. And this isn’t a one-off.  The market doesn’t care about Iran. It doesn’t care about peace deals. It doesn’t care about GDP coming in soft. The VIX is sitting at 16, which is the market’s way of telling you it doesn’t think anything bad can happen.  Nobody’s pricing risk because nobody believes there is any. So what does this market actually care about? Tech. That’s it.  It’s all tech, all the time.  The only thing standing between

The market’s been pricing in peace about 148 times in the last 60 days, gamma squeezes in names like Micron are working off the hangover, and inflation data is coming Friday that nobody seems to want to talk about yet. Meanwhile, I went on the Schwab Network this morning and walked through three defined-risk spreads I’m working right now, including one where I’m betting against a brand most people would never short. Here’s what’s inside the segment: → Why I think a pharma giant’s about to squeeze through $1,100 on a phase-three drug result the retail crowd hasn’t fully grasped yet.  → The bearish position I’m taking against one of the most prestigious brands in the world after a product reveal so bad even the company’s own former chairman said to “pull the pony off the front of the car.”  → The big box retailer outperforming the market this year

Three stocks are running the Nasdaq right now. Micron, AMD, and Broadcom are adding more than $250 billion in fresh market capitalization right now. The advance-decline line is negative even as the Nasdaq prints an all-time high. The catalyst was Friday. Donald Trump praised Micron by name at a Suffern, New York rally, calling the company “fantastic.” By mid-session today that endorsement is worth $140 billion on Micron alone, as it joins the $1 trillion market cap club.  Micron is up 17% by mid-session. That is $140 billion in fresh market cap on a presidential mention that carries less information than a cereal box label. Just run the math. Micron carries 1.1 billion shares outstanding, and 17% up gets you to $130-140 billion right there.  AMD adds another $40-50 billion through a 5% move across 1.6 billion shares, and Broadcom contributes $80 billion more from a 4% move on its