Hey everybody, Mark Sebastian here.

I recorded a water cooler video Friday after the QQQ had its worst day since June 5, and I want you to watch it before the open Monday.

We got two hot inflation reports this week: CPI on Wednesday, then an even hotter PPI on Thursday. Hot inflation usually sends bond yields higher. They went down both days, and buyers went straight for the 10-year and the long end of the curve.

I haven’t seen money run to bonds to hide like that in over a year. In the video I explain what I think that means for rates from here and which corner of the AI trade I think has real problems. I’ll also show you how I’m positioning going into next week.

It runs about seven minutes. Give it a look before Monday.

Your only option,

Mark Sebastian