No Stone Left Unturned — PART 2

Core Watchlist Update + NEW Thematic Idea.

We want to publish this before the week’s close, with an important update on key Themes & Setups we’re watching.

More interesting developments this week:

• Fed Chair Powell said stocks are “fairly highly valued”.

• A bank strategist wrote “the S&P trades like it’s the new risk-free rate”.

• A bank trading desk asked clients “what could derail this run”. Among the responses: “an asteroid hitting the earth”.

With Q4 almost upon us, and keeping the balance of risks in mind, (1) we remain focused on what stocks are saying, while (2) looking out for potential cracks in the foundation.

As always — let’s look at the charts, and the big trends driving the tape right now:

✅ Introducing a NEW Thematic Idea — what does this group say about the broader market?

✅ Update on key names with A-Rated & actionable setups.

✅ Building a framework for what’s moving the market, and gauging the potential ahead.