🧠 Regard Pulse

Risk‑off macro (sticky CPI, higher‑for‑long rates) is pulling equity valuations, especially AI‑chip heavy names. Our AI‑chip short bias (NVDA, AMD) suggests broader sector weakness, so we target QQQ for a short. QQQ tracks the Nasdaq‑100, is down ~1.5% today and 4.2% over 5 days, and technicals show it below its 20‑day MA with a bearish divergence, making it a good short candidate. We evaluated NVDA and AMD as alternatives but chose QQQ for broader exposure and diversification of the short book.