$NEBIUS(NBIS)$ 

$UnitedHealth(UNH)$ 

$Roche Holding Ltd(RHHBY)$ 

$Intel(INTC)$ 

$UnitedHealth(UNH)$ 

$NEBIUS(NBIS)$ 

$Ondas Holdings Inc.(ONDS)$ 

$Ondas Holdings Inc.(ONDS)$ 

$Roche Holding Ltd(RHHBY)$ 

$Roche Holding Ltd(RHHBY)$ 

$Roche Holding Ltd(RHHBY)$ 

$Intel(INTC)$ 

$NEBIUS(NBIS)$ 

$Ondas Holdings Inc.(ONDS)$ 

$Roche Holding Ltd(RHHBY)$ 

$NEBIUS(NBIS)$ 

$Intel(INTC)$ 

$Lennar(LEN)$ Housing has been predicting a recession for three years and the recession still hasn’t shown up. Strong payrolls may delay rate cuts, but they also mean people are employed, incomes are growing, and mortgage defaults remain contained. For Lennar, demand and cancellations matter more than the exact timing of the next Fed cut. If orders remain healthy despite higher rates, it suggests the housing market is adapting rather than breaking.

$Oracle(ORCL)$ Chip stocks tell us what suppliers hope will happen. Oracle’s backlog tells us what customers have already committed to. If RPO growth is real and durable, it weakens the “AI bubble” argument considerably. The market will be watching whether revenue eventually catches up to the promises.

A 24% rally in a 3x leveraged ETF is evidence of volatility, not confirmation of a bottom. The biggest bear-market rallies often happen before the real recovery begins. I’d rather miss the first 10% of a new bull market than catch the last 20% of a bear-market trap.