Nobody Knows 🤷
August 13, 2026 at 9:02 AM EDT
Justification
The market is priced for perfection at a moment when perfection is not guaranteed. The RSI (a momentum gauge) has retreated from 75.21 to 64.58, reducing but not clearing overbought pressure. The trailing P/E sits at the 90.4th percentile of its own 240-month history, and core PCE inflation at 3.3% keeps the Fed from riding to the rescue with rate cuts. With VIX (a volatility gauge) at 14.51, protective puts are cheap — use them to hedge concentrated megacap exposure while rotating toward energy names with geopolitical tailwinds.
Since the Last Issue
- RSI (momentum gauge) eased from 75.21 to 64.58, the first meaningful pullback in several sessions — the most decision-relevant shift today.
- NVDA surged +3.03% while META fell -3.38% and MSFT dropped -2.26%, signaling sharp intra-megacap rotation rather than broad tech strength.
- Technology sector led all groups at +1.49% while Materials lagged at -1.24%, sharpening the sector-rotation picture.
- Fear & Greed Index held at 62 (Greed) — unchanged from prior readings, confirming complacency remains the dominant backdrop.
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