Markets show surprising breadth but zero conviction—70% of stocks above the 40-day SMA with no clear bullish or bearish bias. We unpack the macro backdrop, tactical signals, and three high-conviction setups ahead of the PCE print.

The post Morning Dose #259: The 0/0 Vacuum: Strength Without Conviction – Monday 5/4/2026 first appeared on WaveRider Reads: Trading Books Unpacked.