6/10 Caution, Not Panic
Keeping Cautious, No Alarm
Lines After Dark
Thursday Market Update - June 10, 2026
The Sunday note put some caution into the market analysis while keeping an overall bullish outlook. Through mid week, this remains the case. Market breadth (# of stocks making new highs versus new lows) continues to keep a risk-off alarm at bay, implying for now a healthy rotation beneath the surface of market price. The outperformance trade in ARKK was reduced to half as risk tolerance levels remain breached, and IWM continues to keep above its assigned risk level at this time.
Caution, not panic. No risk off alarm = No intent to jump bearish or make significant defensive adjustments to the portfolio.