Gianni Di Poce sees the Nasdaq climbing to 32,000 or even 33,000. He calls that target conservative. This morning’s cooler than expected inflation report pushed stocks to new highs. The fade that followed doesn’t change his view. The data sharply cut the odds of a Fed rate hike at the October meeting. Gianni sees that shift driving the positive reaction. The Nasdaq outperformed on the session. Money rotated out of semiconductors and back into software. Gianni remains very bullish on software. Semiconductors make up 40% of the tech index. Software makes up only around 20%. Microsoft hit new highs today. Palantir, Nvidia, and Google all showed strength too. Gianni’s rule on price action is simple. A consolidation near the highs of a move is bullish. The Nasdaq set a record high just a week ago. It’s now carving out a wedge pattern near that level. A false breakout would have

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

https://youtu.be/K6Li2RSaeZo Last week’s rate hike started the countdown on this bull market. Gianni Di Poce sees it as the signal that we’ve entered the final phase. He isn’t turning bearish. He thinks this final phase could carry the Mag 7 and Mag 10 another 50% to 80% higher. Gianni rejects the lazy take that rate hikes are bearish. He expects another hike or two before year end to pull global capital into US stocks. The bears keep complaining about weak breadth. Gianni says breadth mattered more before just over 10 stocks made up over 40% of the index. In past manias, the average stock faded well before the indices did. These mega caps have become the indices, so the market won’t go lower while they keep climbing. Tonight’s video maps out how far Gianni thinks this final phase can run: The Silicon Surge daily precision arrow indicator fired on Fed

https://youtu.be/luy94dF2tug Brandon Chapman watched Meta scream 11% on a day with no earnings. That move had nothing to do with an AI headline. Desks were running a dispersion trade. They sold premium in the SPX and bought calls on the Mag Seven names. Brandon showed the proof on the screen. The VIXEQ climbed from 38.3 to 38.8 while the VIX bled lower. Component volatility rose because traders were buying calls on individual names. Index volatility fell because those same traders were selling SPX premium around 30 days out. Those calls force dealers into negative gamma. Dealers hedge by buying stock, and the tape grinds higher on its own mechanics. The structure was already loaded before the first tick. The market opened at 766 with the negative gamma flip sitting all the way down at 762. That cushion let price run without friction. SPY blew through 770, took out 772, and

https://youtu.be/n8CDtxhNIXE Quadruple witching came and went today. The S&P 500 finished the week dead unchanged. The story sits in the bond market instead. The 10-year yield is parked at 5% and setting up to break higher. I’ll be watching that all weekend. When the bonds break, a long list of other asset classes gets dragged into it. Start with where we’ve been. We’ve traded inside the same volatility box since May 4th. Five months of pinging back and forth. The futures rolled from September to December this week. The new contract sits about 68 points higher, so the box moved up with it. Center of the range now sits near 7550. A selloff into that level next week means nothing to me. A push above 7750 gives a rally real legs. Today handed you another rotation session. Financials opened lower and rallied straight back, and over 80 stocks were trading

https://youtu.be/N2XfS_D4xWM Blake Young stripped the overnight session out of today’s tape. The S&P 500 moved 0% from the cash open.Every bit of that recovery landed while American traders slept. This wasn’t an audience participation move.Technology ran 2% on the day. The index still finished flat once you measure from the 9:30 candle forward.Blake traced the buying to the dollar. Foreign capital converted euros, yen, and pounds into US equities overnight.The dollar broke out of a double bottom and now targets 100.61. It closed today with the exact same strength it carried yesterday.Equities fall when the dollar climbs. That overnight bid papered over a market still rolling over underneath.Look at the quarter instead of the session. Only communications, healthcare, and energy sit above the S&P 500 average over the last three months.Half the sectors sit below zero. Blake reads that as a temporary pullback, and he’s getting ready for the next