Air Pocket Or Risk is Rising
USD continues to grind higher with 10Y yields - as expected.
Breadth breakdown continues lower as indices chop sideways.
“Vol up; Spot up” as VIX approaches 18.88 trigger.
Value/Equal Weight left-for-dead as the Growth/Cap Weighted concentration risk in AI Story Stocks continues.
Air pocket of risk grows as Generals lead and Soldiers don’t follow.