I recorded tonight’s video just minutes before the cash close, and if you're glancing at the S&P 500 – up 34 handles – thinking, "Hey, everything looks great out there!" you’d better pump the brakes.
Because there are massive divergences unfolding right now beneath this market.
Nvidia kissed that $4 trillion market cap, but don’t let one tech titan fool you into thinking the whole market's healthy. The rally we’re watching is actually being carried by just a handful of names while the rest of the sectors… financials, staples, even healthcare… are lagging or flat-out fading.
Retail call-buying is driving the early action – you can see that in the morning volume spikes – then completely vanishing by midday.
This isn’t broad strength, more like a skyscraper built on crappy foundations.
So let’s dive in and break down exactly why this market’s internals are flashing warning signs and why you’d better be prepared to fade the suckers buying into this...