The Leaders of the Last 6 Months Won't Lead the Next

The S&P printed an all-time high on an Iran headline that's fallen through every other time it's shown up, semis are still 15% off their highs, and until our system flips we think this is a fake out. We lay out why the AI CapEx trade already peaked, and why the buyback-to-revenue switch that funded the entire move only gets flipped once. Then we get into real yields back at 2023 highs, why that's a tightening force that ices out the consumer, and why we took profits on Cloudflare after a 50% run.Learn More: www.market-radar.comEpisode 226