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MOS
Markets · Options · Signal
June 10, 2026 · All times ET
Regime BULL Day 12
Market Snapshot · 10:09 ET
S&P 500
737.14
+0.01%
Nasdaq
708.41
+0.08%
Dow
508.07
-0.26%
Russell 2k
288.54
+1.24%
VIX
20.18
+1.56%
20Y Bond
85.17
+0.05%
Gold
383.01
-1.99%
Silver
59.15
+0.23%
Oil
133.77
+1.88%
USD
27.98
-0.12%
CNN Fear & Greed
32 Fear
wk -21 · mo -35
Key Technical Levels
SPY Trend: Neutral Sup: 722.59 Res: 746.21 RSI: 49.2
QQQ Trend: Neutral Sup: 686.37 Res: 722.04 RSI: 49.9
Econ Calendar
8 high-impact · Wed Jun 10 – Thu Jun 11 · as of 10:09 ET
Wed Jun 10
08:30 US Core CPI (MoM) (May) — est. 0.3%, prev. 0.4%
08:30 US CPI (MoM) (May) — est. 0.5%, prev. 0.6%
08:30 US CPI (YoY) (May) — est. 4.2%, prev. 3.8%
10:30 US Crude Oil Inventories — est. -3.000M, prev. -7.974M
13:00 US 10-Year Note Auction — prev. 4.468%
Thu Jun 11
08:15 EU Deposit Facility Rate (Jun) — est. 2.25%, prev. 2.00%
08:15 EU ECB Interest Rate Decision (Jun) — est. 2.40%, prev. 2.15%
08:30 US Initial Jobless Claims — est. 220K, prev. 225K
Macro Snapshot
10:13 ET
Indicator Value Change
2Y Yield 4.13% -2bps
10Y Yield 4.53% -3bps
Spread +40bps Flattening
DXY 99.79 -0.12%
VIX/3M 0.93 Contango
BZ–WTI 0.9877
$94.45 · $95.63
z -2.77 · Long spread · ρ 92%
GDXJ–GLD 0.2555
$97.87 · $383.03
z -2.14 · Long spread · ρ 86%
BTC $62,174 +0.8%
ETH $1,653 +0.9%
ETH/BTC 0.0266
Sector Rotation · Today
10:13 ET
Energy
+1.42%
XLE
Cons. Staples
+0.97%
XLP
Communication
+0.51%
XLC
Financials
+0.37%
XLF
Real Estate
+0.37%
XLRE
Technology
+0.33%
XLK
Materials
-0.04%
XLB
Health Care
-0.14%
XLV
Utilities
-0.35%
XLU
Cons. Discr.
-0.53%
XLY
Industrials
-0.71%
XLI
In today's BULL regime, we're seeing a defensive tilt with Energy and Cons. Staples leading, while cyclicals like Industrials and Cons. Discr. lag.
Regime Timeline
HMM Regime Detection — SPY 90-day timeline
From the Desk · BULL Day 12 (prev. close)
“The market remains in a BULL regime for 12 days, with the S&P 500 and Nasdaq edging up +0.01% and +0.08% respectively, while the Dow fell -0.26% amid a chip sell-off and US inflation concerns. Worth watching is the divergence between the Fed rate hike expectations and the soft core CPI, as Bloomberg reports bond traders keeping bets on a Fed hike in 2026 even as US inflation accelerates in May.”
— The MOS Quantitative Desk
Policy Risk Monitor — White House
The Trump Economy Is Bad News for The GOP
REA 5h ago
US trade judge urges Trump administration to speed up tariff refunds
RTR 16h ago
$FXI$SPYAuto Sector
A record 63% of Americans disapprove of how Donald Trump is handling the economy
YOU 21h ago
From rules to discretion: How Trump reconfigured US tariff policy
BRO 23h ago
$FXI$SPYAuto Sector
Trump's trade war has a new target: forced labor. The case behind it is far from simple
CNBC 1d ago
Crowd Signal
250 posts · 5 subs · 10:12 ET
Trending tickers across Reddit · r/wallstreetbets · r/stocks · r/options · r/thetagang · r/StockMarket
Scoring: mention count × cross-sub breadth · pts = upvotes · N/M subs = appeared in N of M subreddits scanned
QQQ mixed 17
“Sold 50 of these too soon. Better than the Lottery”
WSB 313 pts · 5/5 subs
RKLB mixed 14
“ahead of spcx launch, 4 space related tickers, 400 call contracts, 1 week expiry…”
WSB 1206 pts · 4/5 subs
V mixed 13
“Fuck the AI buildout, I'm buying calls on cattle because of this little shit”
WSB 5388 pts · 5/5 subs
MSFT mixed 12
“OpenAI confidentially files IPO paperwork”
WSB 2113 pts · 4/5 subs
GOOGL bullish 12
“OpenAI confidentially files IPO paperwork”
WSB 2113 pts · 3/5 subs
SPY mixed 11
“Wish Me Luck”
WSB 145 pts · 5/5 subs
META mixed 11
“Is it normal to not really have preferences in your portfolio?”
STK 8 pts · 5/5 subs
TSLA mixed 11
“ahead of spcx launch, 4 space related tickers, 400 call contracts, 1 week expiry…”
WSB 1206 pts · 5/5 subs
Insider Wire
2873 Form 4s filed · 10:09 ET
Notable open-market transactions · SEC EDGAR · 2026-06-05 to 2026-06-10
CEOs and insiders are aggressively dumping shares in tech and tech-adjacent stocks, with notable sales in Dell and tech hardware sectors, ahead of earnings.
Ticker Insider Value
SELL DELL Silver Lake Partners IV, … Insider $32.5M
SELL DELL Silver Lake Partners V DE… Insider $13.7M
SELL CRWV Venturo Brian M Chief Strategy Officer $13.1M
SELL ACMR Wang David H See Remarks $8.8M
SELL vicr VINCIARELLI PATRIZIO Chairman and CEO $5.5M
SELL vicr VINCIARELLI PATRIZIO Chairman and CEO $5.4M
Short Interest Monitor
25 scanned · 10:13 ET
FINRA short interest via Yahoo · ~10 days (FINRA via Yahoo) · squeeze risk = SI% × days-to-cover
Ticker SI % DTC MoM Squeeze
UPST 33.1% 5.4d +2.5% HIGH
BYND 27.8% 2.6d +12.3% ELEVATED
SMCI 16.5% 1.7d -7.6% ELEVATED
SOFI 14.7% 2.5d +15.7% LOW
GME 14.4% 6.2d -0.7% MODERATE
RIVN 14.1% 4.6d +1.8% MODERATE
CVNA 13.6% 6.0d +4.1% MODERATE
MSTR 11.4% 2.5d -7.6% LOW
Phantom Float · Squeeze Action Monitor
8179 scanned · 90 SEC-confirmed· 4 red · 61 yellow
Ticker Struct Ignit Final Hldrs Flags Bucket
QDEL 0.62 0.65 0.64 95% PREGRINDADDELEV RED
FLGT 0.41 0.85 0.63 47% PREGRINDCOVERELEV RED
MNPR 0.39 0.85 0.46 68% GRINDCOVERELEVATM RED
FTK 0.59 0.65 0.46 54% GRINDADDELEV RED
LCID 0.59 0.10 0.59 76% PREELEV YELLOW
RHI 0.35 0.65 0.50 56% PREGRINDADDELEV YELLOW
RBCAA 0.31 0.65 0.48 98% PREGRINDADDELEVATMDDUP? YELLOW
CBRL 0.31 0.65 0.48 36% PREGRINDADDELEVEarnings YELLOW
TRNS 0.18 0.85 0.45 50% IGNGRINDCOVERELEV YELLOW
RNW 0.35 0.55 0.45 81% PREGRINDADD YELLOW
+ 55 more yellow names not shown
Market Headlines
8 sources · 10:09 ET
Bond Traders Keep Bets on a Fed Hike in 2026 After CPI Data
BBG 1h ago
The market's expectation of a Fed rate hike in 2026 seems to be at odds with the current pricing of rate cuts. This implies that investors are still uncertain about the Fed's future actions. If economic data continues to challenge the consensus, we might see a slight adjustment in rate expectations and a minor pullback in equities. Keep an eye on upcoming economic data and Fed speakers for confirmation.
FJ JPMorgan's Feroli on US CPI - FJElite
JPMorgan's Feroli has shared his views on the US CPI data, which could influence market expectations on inflation and monetary policy. If his comments align with current market consensus, there might be no immediate reaction. However, if his views challenge the status quo, we could see adjustments in rate expectations. Monitor subsequent economic data releases and Fed officials' statements for further guidance.
2h ago
CNBC Dow falls 200 points on chip sell-off, Trump Iran threat and 3-year inflation high: Live updates
The Dow's 200-point drop reflects increased uncertainty and risk-off sentiment, driven by a chip sell-off, Trump threats against Iran, and high inflation expectations. This could lead to a flight to safety, boosting bonds and gold. As the situation unfolds, monitor developments in US-Iran relations and the chip sector for potential market catalysts.
6m ago
BBG Gold Slumps as Faster US Inflation Fuels Fed Rate Hike Fears
Gold's slump is largely attributed to expectations of higher Fed rates due to inflation. If inflation expectations continue to rise, we might see further selling pressure on gold and other precious metals. Conversely, a significant drop in inflation expectations could lead to a recovery in gold prices. Keep an eye on upcoming inflation data and Fed communication for market direction.
14h ago
BBG US Inflation Accelerates in May, While Core CPI Softens
The acceleration of US inflation, accompanied by a softening core CPI, presents a nuanced view on inflation. This could lead to adjustments in market rate expectations, potentially influencing equities and other assets. As the market digests this information, monitor future inflation data and perceived policy implications for the Fed.
1h ago
FJ MUFG on Upcoming US CPI Report - FJElite 2h ago
FJ BoC's Gov. Macklem: Bank of Canada monetary policy remains aimed at preventing higher energy costs from becoming lasting inflation 23m ago
FJ US short-term interest-rate futures rise after inflation report, as traders pare Fed rate hike bets. 1h ago
Financial Wire
Top 5 · AI digest · 10:09 ET
FJ US Inflation Cools, Fed Rate Bets Dip
US CPI data shows inflation easing, reducing pressure on Fed to hike rates
1h ago
FJ Geopolitics Escalate: Iran, Israel Tensions
Rising tensions between Iran and Israel threaten regional stability and oil markets
37m ago
FJ BoC Holds Rates Steady Amid Inflation
Bank of Canada keeps rates unchanged, balancing inflation and economic growth risks
23m ago
FJ Fed Funds Rate Steady, Market Awaits Cues
US Fed funds rate remains steady, with markets focused on upcoming Fed guidance
1h ago
FJ Risk Off: Iran-Israel Conflict Escalates
Escalating conflict between Iran and Israel sparks risk-off sentiment in markets
2h ago
Source: FinancialJuice · 40 flashes scanned
Research Digest
10:12 ET
AIS $73.35 +0.7% Bullish
Composite 77 1M +2.7% 3M +62.8% 1Y +178.0% DOWN
AIS ETF has surged 119% in 2026, outpacing major semiconductor funds, amid SpaceX IPO excitement and growing interest in space-based data centers. However, the sector's risks, including lofty valuations and a recent Blue Origin test explosion, remain. The market may be overestimating the near-term potential of space-based AI ambitions.
ZAC Anticipated SpaceX IPO ETFs: Massive Hype or Real Opportunity?
ZAC The Zacks Analyst Blog Highlights ORBX, MARS, JEDI, AIS and UFO
ETF The Best-Performing AI ETF of the Year Isn't a Pure Chip Play
XLE $58.19 +1.4% Bullish
Composite 39 1M +0.7% 3M +0.6% 1Y +37.2% UP
Energy stocks, including XLE, edged higher pre-bell Wednesday, bucking the trend of the broad market, which saw the SPDR S&P 500 ETF Trust (SPY) down 1%. XLE's 1-month return is +0.7%, with a 1-year return of +37.2%. The market is pricing in a recovery, but renewed US-Iran clashes pose a risk to energy stocks.
MT Sector Update: Energy Stocks Edge Higher Pre-Bell Wednesday
MT Exchange-Traded Funds, Equity Futures Lower Pre-Bell Wednesday Amid Renewed US-Iran Clashes
MOT Which Energy ETF Should You Buy: State Street Energy or iShares Clean Energy?
IBIT $35.20 +0.2% Bearish
Composite -32 1M -24.4% 3M -12.3% 1Y -43.1% DOWN
BlackRock's sale of 3,671 BTC and purchase of 10,566 ETH amid heavy IBIT outflows may signal a shift in institutional sentiment, with Bitcoin price down 50% from its October 2025 peak. IBIT faces competition from FBTC, with the two Bitcoin ETFs having minor differences. The market is pricing in a potential prolonged downturn, with IBIT's 1Y return at -43.1% and a composite score of -32/100.
INV Strategy's Math Just Got A Lot Scarier As Bitcoin Price Slides
99B CZ Says Bitcoin Price Has Already Bottomed, But Here’s What the Data Actually Shows
BEI BlackRock Sells $230 Million in Bitcoin and Buys Ethereum: What Is Really Going On?
Options · Portfolio · Actionable Picks
Analyst Moves
10:13 ET
Ticker Rating Buy / Hold / Sell Period
AVGO Buy 52 / 4 / 0 2026-06-01
NVDA Buy 63 / 4 / 1 2026-06-01
AMZN Buy 71 / 5 / 0 2026-06-01
MSFT Buy 61 / 5 / 0 2026-06-01
META Buy 63 / 9 / 0 2026-06-01
SNDK Buy 25 / 4 / 0 2026-06-01
CSCO Buy 23 / 10 / 0 2026-06-01
AAPL Buy 38 / 15 / 2 2026-06-01
IPO Calendar
10:13 ET
Date Company Range Size
Jun 10 PBLS Parabilis Medicines, Inc. — $546M
Jun 10 JABU JAB Acquisition Corp I — $172M
Jun 10 EROC ERock, Inc. — $738M
Jun 11 FRBT Forbright, Inc. — $182M
Jun 12 SPCX SPACE EXPLORATION TECHNOLOGIES CORP — $86.2B
Jun 18 FCBM First Carolina Financial Services, Inc. — $101M
Market Movers
FMP real-time
Top Gainers
CPOP +158.3% $0.93 FLD +73.2% $1.06 HKIT +66.8% $0.46 HWH +56.9% $1.93 WCT +55.7% $2.04
Top Losers
YOUL -51.6% $0.50 CCTG -45.8% $0.96 GMM -44.5% $0.06 PAVS -35.3% $0.66 CHAI -33.3% $1.24
Unusual Options Volume
15 scanned · 10:13 ET
Ticker Total Vol Calls Puts P/C Hottest Strike
SPY 565,746 289,504 276,242
0.95
$735C 35,736 vol
SPY: Slightly bullish call buying, $735C hot, but P/C ratio near 1 suggests balanced flow.
QQQ 357,699 177,025 180,674
1.02
$710C 13,842 vol
QQQ: Mixed flow, P/C ratio near 1, no clear directional signal.
NVDA 153,560 94,579 58,981
0.62
$210C 21,211 vol
NVDA: Bullish call buying, low P/C ratio of 0.62, $210C strike leading activity.
TSLA 147,477 81,951 65,526
0.80
$400C 15,115 vol
TSLA: Bullish call buying, $400C strike in focus, but P/C ratio doesn't scream conviction.
GOOGL 24,647 16,285 8,362
0.51
$365C 3,813 vol
GOOGL: Bullish call buying, low P/C ratio of 0.51, $365C strike hot with 3,813 vol.
Income Plays
10:12 ET
STM CC Best Quality High · max 2% · Earnings Apr 23 · Div 0.4%
$80C 37 DTE +60.6% ann. +10.5% OTM Δ 0.07 POP 93%
STMicroelectronics shares are rallying after the chip maker raised its data-center revenue target, driving growth for the European stock.
AAOI CC Craziest Return Low · max 1% $15B · Earnings May 07
$180C 22 DTE +212.8% ann. +5.4% OTM Δ 0.15 POP 85%
Applied Optoelectronics' stock sank 13% following a report on a delay in the rollout of Coherent Pluggable Optics (CPO), leading to sector volatility.
ACMR CC Safest High · max 2% $5B · Earnings May 07
$92C 44 DTE +74.8% ann. +14.4% OTM Δ 0.06 POP 94%
ACMR Research recovers 10% after a sector pullback, according to TIKR.com, with one analyst suggesting a path to a $4 billion valuation.
Portfolio Hedge
SPY $737 · QQQ $709 · VIX 20.2
Optimal single-put hedge for a $100K portfolio · β-matched sizing for uniform protection across -5% to -20% · roll every 60 days
✓ VIX 20.2 — Below 22.0 threshold. Puts are cheap — good time to hedge.
SPY Puts
Profile Strike Exp Qty Prem Cost Ann %
Defensive
β=0.65
$730P 50d 1 $14.77 $1,477 10.8%
Balanced ●
β=0.85
$750P 50d 1 $23.20 $2,320 16.9%
Aggressive
β=1.10
$721P 50d 2 $12.13 $2,426 17.7%
Scenario: 1× SPY $750P 50d (β=0.85 portfolio)
Scenario SPY Coverage NLV
Pullback -5% $700 117% $98,390
Correction -10% $664 102% $97,827
Bear leg -15% $627 97% $97,263
Crash -20% $590 94% $96,699
QQQ Puts
Profile Strike Exp Qty Prem Cost Ann %
Defensive
β=0.65
$700P 50d 1 $22.42 $2,242 16.4%
Balanced ●
β=0.85
$725P 71d 1 $37.66 $3,766 19.4%
Aggressive
β=1.10
$690P 71d 2 $23.06 $4,612 23.7%
Scenario: 1× QQQ $725P 71d (β=0.85 portfolio)
Scenario QQQ Coverage NLV
Pullback -5% $673 122% $97,153
Correction -10% $638 102% $96,446
Bear leg -15% $602 96% $95,740
Crash -20% $567 93% $95,034
One near-ATM put per 100 shares of β-adjusted exposure · roll at 30d remaining · near-ATM strikes provide uniform -5% to -20% coverage unlike OTM ladders · 10:12 ET
June 2026 Picks — SD50 Portfolio (MTD)
Jun 01 – Jun 10 (MTD) · Hit rate: 30/62 · Avg return: -1.9% · YTD: +30.3%
Systematic monthly portfolio · 5 low-correlation signal streams spanning large-cap quality, broad-universe value, thematic momentum, high-volatility mean-reversion, and static hedges · multi-timeframe scoring across 7,000+ symbols · no discretionary overrides
 
Live Track Record · since 2025-07 · 11 months
Return +76.7% Ann. 86.1% Sharpe 3.40 Max DD -4.5%
Win% 82% Alpha +61.3% SPY +22.4% $100K → $176,675
Full backtest · 2006-02–2026-05 · 244 months
Total 4,795% Ann. 21.1% Sharpe 1.21 Max DD -33.8%
Win% 67% Alpha +11.9% SPY 493% $100K → $4,894,877
Growth of $100K — SD50 Portfolio vs benchmarks
Chart not visible? View on web
Ticker Wt% Return
CBOE 12.8% -2.8%
CSCO 5.5% -0.8%
AVGO 5.2% -18.5%
SNDK 4.2% -3.4%
LEA 3.2% -1.3%
GLW 3.2% +0.4%
MNST 2.8% +1.7%
GOOGL 2.6% -2.7%
UNP 2.6% +2.4%
UMC 2.3% -15.1%
TRP 2.3% +3.1%
AMD 2.1% -7.5%
COHR 2.0% +2.3%
INTC 2.0% -0.6%
CAT 1.8% +3.5%
ARM 1.8% -20.5%
NJR 1.6% +2.8%
SENEA 1.6% +3.4%
AAPL 1.6% -5.2%
MGA 1.6% +0.6%
AIZ 1.6% +2.4%
KYIV 1.6% -4.9%
GIII 1.6% +4.2%
CNC 1.6% +4.6%
ALAB 1.5% +10.5%
CORZ 1.5% -4.7%
BBVA 1.4% -3.3%
STRZ 1.3% +5.4%
HWM 1.3% -0.5%
BTSG 1.3% +3.8%
MU 1.3% -10.8%
 
Ticker Wt% Return
CELC 1.2% -22.9%
PL 1.2% -33.3%
MXL 1.2% -13.3%
RKLB 1.1% -10.7%
WDC 1.1% -7.3%
TSM 1.0% -3.5%
SOBO 1.0% +1.7%
MYRG 1.0% -5.2%
NVT 1.0% -4.9%
ENB 1.0% +2.0%
NWPX 1.0% +6.6%
MSGS 0.9% +2.5%
SXI 0.9% +6.3%
SNEX 0.8% +6.0%
CWBC 0.8% +7.8%
APH 0.7% +8.4%
INDB 0.6% +5.5%
WTS 0.6% +4.8%
EQBK 0.6% +4.4%
GM 0.6% -0.4%
SAIC 0.5% -0.5%
RY 0.5% +6.0%
CORO 0.5% -3.2%
TJX 0.3% +8.6%
RBA 0.2% +1.9%
NVDA 0.2% -8.2%
MSFT 0.2% -12.5%
LLY 0.2% +6.7%
TSLA 0.2% -6.2%
AMZN 0.2% -7.8%
META 0.2% -2.5%
Important Disclosures
The MOS Regime Inference is powered by a proprietary quantitative engine utilizing a Mixture-of-Experts (MoE) Hidden Markov Model ensemble. It combines Bayesian probabilistic state detection with deep learning sequence models across dozens of cross-asset features to identify structural market shifts and early-warning crisis indicators. This model is experimental and subject to inherent statistical uncertainties.
Timing. The issue date above is the publication (send) date. The regime badge, regime_latest.json snapshot, and embedded regime timeline chart are produced when this issue is built: we run hmm_validation_suite.py --inference at the start of that pipeline using the latest trading rows then available in the price cache (often through the prior U.S. session close when today’s full session bar is not yet in the panel). Running inference again later the same day can change SPY, VIX, PBT, and leverage readouts. The timeline chart is a rolling ~90-day view frozen at send time; back-to-back archived issues can look very similar when history overlaps.
This newsletter is for informational and educational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Options trading involves substantial risk of loss and is not suitable for all investors. Past performance, including backtested results, does not guarantee future returns. Backtested performance has inherent limitations: it is constructed with the benefit of hindsight, does not reflect actual trading, and may not account for all market conditions, transaction costs, or liquidity constraints. The author may hold positions in securities mentioned. All data is believed reliable but accuracy is not guaranteed. Consult a licensed financial advisor before making investment decisions.
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MOS · EST. 2025 · NEW YORK
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