Anyone else scrolling through the commentary on fivn today? it’s so confusing because the chart had that massive surge earlier in the month up past 25, but now it’s just squeezing sideways right around 22.76. i left a comment asking why it suddenly stopped running after such an explosive move, but nobody replied yet. is it just a classic case of the initial hype cooling down, or does this kind of tight triangle shape mean it's coiling up for another big directional breakout soon? looking at $NVIDIA(NVDA)$$Invesco QQQ(QQQ)$$SPDR S&P 500 ETF Trust(SPY)$ for the next move
The market is finally waking up to reality. Anyone still holding out for rate cuts this year is completely dreaming, especially with oil staying sticky because of everything going on in the Middle East. It completely tracks with what Liz Claman was just saying on the show about the 2-year yield shooting up past 4.1%. Liz pointed out that if the FOMC drops that easing bias entirely next month, a defensive hike by the end of 2026 isn't just a crazy tail risk anymore, it’s becoming the base case for big money. The transition to Warsh taking over the Fed today is going to force a lot of macro traders to completely rip up their 2026 playbooks. $S&P 500(.SPX)$$NVIDIA(NVDA)$