Flip A Coin ⚖️

Today's market is a one-stock parade: NVDA's 7.92% surge lifted the index while 10 of 11 sectors declined, a breadth collapse that historically precedes broader pullbacks. The trailing P/E (price-to-earnings ratio) sits at the 90.4th percentile of 240 months of its own history — equities have been cheaper than this on nine out of ten past observations. The VIX (a gauge of expected market volatility) at 14.57 makes protective puts (the right to sell at a set price) unusually cheap right now. Focus hedges on concentrated tech exposure and watch the 10-year Treasury yield at 4.64% — a move above 4.75% would accelerate multiple compression across the board.