• $AVGO is currently trading back at its tariff-war low valuation multiple. Deep value territory. 1
• $RKLB acquisition of Mynaric is a strategic play.

• $AVGO is currently trading at valuation multiples seen during the tariff-war lows. Major value zone for long-term entry. 1
• SMH is a high-concentration bet compared to SOXX. NVDA (17.7%) and TSM (11.

• Fear & Greed Index has plunged into single digits. We are in absolute washout territory. 25
• High-conviction divergence: $SPX dropped -0.40% while $VIX crashed -1.40%. This price action is abnormal and worth watching.

• $AVGO is back near its tariff-war low valuation multiple. 1
• SMH vs SOXX vs SOXL comparison shows SMH is more concentrated with NVDA at 17.7% and TSM at 11.4%, with top 10 holdings accounting for 75%. [7](https://x.

• $AVGO valuation has retreated to its tariff-war lows, presenting a significant multiple compression play. 1
• $RKLB acquisition of Mynaric is a strategic pivot.

• SPX is tracking its worst month since September 2022. This historical parallel suggests we are nearing an absolute cycle bottom 21.
• Prepare for massive capitulation or a violent ramp.

• I am pivoting to Hard Assets as the Fed signals it is willing to tolerate inflation while keeping its “toolbox” open. 13

• Oil prices are reversing higher at lightning speed. The Iran situation and Strait of Hormuz risks are flowing directly into the real economy, hitting household budgets as fuel relief vanishes. 30
• Energy stocks are making historical runs.

• Major indices $SPY, $QQQ, $DIA, and $IWM have all cratered below their 200dma, signaling a structural breakdown in the long-term trend 10.

• Powell signals minimal concern regarding inflation, which reinforces the pivot into Hard Assets as a primary defensive play. 1