Weekly Signals
A Market Divided (2)
Signals are split evenly between offense and defense, pointing to a market at an inflection point.
Latest
Global View
When the Yields Won
A blowout jobs print pushed the 10-year to 4.55%, and a holding Iran ceasefire pulled the geopolitical bid out from under everything.
Leaders-Laggards
Streak Broken: Hot Jobs Print Kills Tech, Iran Strikes Revive Energy, AI Rotation Begins
S&P -2.55% Snaps 9-Week Run; Nasdaq -4.65% On Broadcom Miss + AI Pullback; XLE +2.45% Flips Back To Leader On Iran/Israel Strikes; Jobs +172K Pushes Fed Cuts To 2027; Gold -5.0%; 10Y Holds 4.55%
Weekly Signals
Three Holds, Treasuries Hedge
Three of four signals favor risk-on positioning. The Treasury rotation lone holdout continues to flag a defensive undertone beneath the surface.
Newsletter
Curve Re-Steepening, Calm Spreads, and the Credit Rotation Trap (JOJO)
KEY HIGHLIGHTS - BB high-yield risk premia remain compressed: **BB OAS was ~1.77% (Apr 20)**, near the bottom end of its post-2020 range.[1] - Equity volatility is not flashing “crisis,” but it also isn’t asleep: **VIX closed ~18.87 (Apr 20)** after spending much of April in
Newsletter
🚨 TODAY at 2 PM ET — Income Investing With Infrastructure Capital (CE Credit)
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Newsletter
CORRECTION: Income Investing With Infrastructure Capital
A Lead-Lag Live CE Credit Webinar • June 4, 2026 • 2:00 PM ET
Leaders-Laggards
Nine-Week Streak: NVDA Blowout, Iran Ceasefire Hopes Collapse Oil, Tech Roars To New Highs
S&P +1.5% On Week 9; XLK +5.9% On NVDA Beat; XLE -5.4% Flips To Laggard On Iran Ceasefire; 10Y Softens To 4.45%; EEM Leads All Major Indexes
Newsletter
The S&P 500 Is at a Record High. The Question Is How to Get Paid While Holding It.
How a Daily 0DTE Covered Call Strategy on SPY Converts the Market’s Volatility Premium Into a Daily Paycheck
Weekly Signals
Green Lights, One Yellow
Three of four signals favor risk-on positioning, though one holdout warrants attention.
Newsletter
Credit Is Calm Again — That’s Exactly When Rotation Matters (JOJO)
KEY HIGHLIGHTS · High yield’s risk premium has compressed back toward cycle lows, with the ICE BofA US High Yield Option-Adjusted Spread at **2.85% (Apr 15, 2026)**.[1] · The yield curve remains positively sloped, with the 10-year minus 2-year Treasury spread at **0.53% (Apr 15,
Closing Thoughts for the Week
Nine Green Weeks. One Hawkish Whisper.
When does record euphoria become a setup, not a celebration?