This week’s episode breaks down one of the most important shifts happening beneath the surface of the market: sector rotation.

The Dow Jones Industrial Average closed above 50,000 for the first time, driven by strength in industrials, financials, energy, and materials — signaling a broadening bull market beyond the mega-cap tech names.I cover the AI CapEx arms race among Google, Meta, and Amazon, why investors are split on massive spending plans, and how tax cuts are enabling this new wave of corporate investment. We also discuss labor market uncertainty following a government data blackout, Stellantis’ $26 billion EV write-down, and what it says about the future of electric vehicles.

Finally, we break down Bitcoin’s flash crash and recovery, key technical levels to watch, and how crypto price action continues to mirror tech market volatility.

In this episode, I cover:

• Dow 50,000 and what changing index leadership means

• Market rotation into energy, industrials, and materials

• Big Tech’s AI CapEx spending and investor reaction

• Labor market risks and potential Fed implications

• EV sector challenges and Bitcoin volatility

As always, I share what I’m watching next week and what would change my market view.