🧠 Regard Pulse

Risk‑off macro (higher‑for‑longer rates, sticky CPI) supports shorting over‑priced chip makers. Our playbook shows short AMD works after sharp pull‑backs; AMD is down ~11% YTD and trending lower on the 5‑day chart (RSI < 40). A short at ~495 gives ~2‑3% upside on a pull‑back. We also screened SPY (no clear catalyst) and BTC long (already held) and passed them.